Thales: Oddo still a buyer after CMD
(CercleFinance.com) - An analyst at Oddo this morning renewed his "Buy" recommendation on the Thales stock, maintaining his target price at 113 euros, the day after the group organized a day for investors, which proved reassuring.
Thales yesterday held a CMD that clearly demonstrated the group's transformation, with the group reassuring financially. Over the period 2018-21, the company sets targets (excluding the integration of Gemalto) that are broadly in line with our expectations, even though it is necessary to emphasize its traditional caution in setting guidelines, the broker said.
This day had the merit of reassuring investors about the continued expansion of margins and market shares in the group's current scope.
However, Oddo is waiting for the finalisation of Gemalto's acquisition to target a continuation of the re-rating justified by its advanced positioning in digital technologies.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Thales yesterday held a CMD that clearly demonstrated the group's transformation, with the group reassuring financially. Over the period 2018-21, the company sets targets (excluding the integration of Gemalto) that are broadly in line with our expectations, even though it is necessary to emphasize its traditional caution in setting guidelines, the broker said.
This day had the merit of reassuring investors about the continued expansion of margins and market shares in the group's current scope.
However, Oddo is waiting for the finalisation of Gemalto's acquisition to target a continuation of the re-rating justified by its advanced positioning in digital technologies.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.