Thales: Credit Suisse upbeat before quarterly trading update
(CercleFinance.com) - This morning, Credit Suisse confirmed its buy rating ("outperform") on the Thales share ahead of the defense electronics group's quarterly trading update on 18 October.
The broker maintains its target price of 140 euros.
According to a research note, Thales' order intake is expected to be back on track in Q3, rebounding, in particular with orders below 100 million euros.
In addition, the group's sales momentum should also be positive, with organic growth expected at 8%, despite a less buoyant Aerospace division (Credit Suisse forecasts +2%).
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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.
The broker maintains its target price of 140 euros.
According to a research note, Thales' order intake is expected to be back on track in Q3, rebounding, in particular with orders below 100 million euros.
In addition, the group's sales momentum should also be positive, with organic growth expected at 8%, despite a less buoyant Aerospace division (Credit Suisse forecasts +2%).
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.