Thales: Oddo adjusts target price
(CercleFinance.com) - Oddo confirms its buy rating on the Thales share after organising a roadshow with management.
However, the broker has cut its target price to 120.5 euros (against 126 euros) after analysts adjusted their estimates.
Oddo emphasizes a more cautious approach that rules out any further unpleasant surprises. In the Space sector, the recovery is taking longer and it slower than expected, Oddo says. Meanwhilem the Defense & Security sector is continuing with its existing trend.
Oddo adds that target order-taking of 18 billion euros for 2019 has been reiterated.
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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.
However, the broker has cut its target price to 120.5 euros (against 126 euros) after analysts adjusted their estimates.
Oddo emphasizes a more cautious approach that rules out any further unpleasant surprises. In the Space sector, the recovery is taking longer and it slower than expected, Oddo says. Meanwhilem the Defense & Security sector is continuing with its existing trend.
Oddo adds that target order-taking of 18 billion euros for 2019 has been reiterated.
Copyright (c) 2019 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.