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Thales: Oddo says 'buy' - notes 'dynamic environment'

(CercleFinance.com) - On Thursday, an analyst at Oddo BHF confirms a "buy" rating on the Thales share, seeming to detect signs of a recovery that is now in hand.

The broker appreciates a dynamic order intake in Q4 2019, along with guidance for EBIT and FCF in 2019 that should ultimately be reached, even though "Space and Transport will continue to weigh on 2020. The dynamic environment in terms of order intake could be an element to reassure the transitory nature of the level of organic sales growth in 2020, the broker comments.

The analyst thus confirms a target price of 120.50 euros for the share, which suggests upside potential of 25%.

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