Thales: productivity redresses, Oddo stays on 'buy'
(CercleFinance.com) - Oddo models revenues of 3.
82 billion euros for the 3rd quarter, estimating that productivity returned to normal in this quarter.
According to the analyst, orders came to 3.2 billion euros for the 3rd quarter, down 7% year-on-year, in particular due to sluggishness in the civil aviation sector.
Despite this, the broker considers that underlying demand is still dynamic, slightly raising its 2020 estimates, with an EPS of +1.3%, EBIT of 1.34 billion euros and revenues of 16.97 billion euros.
In this context, the broker maintains its 'buy' recommendation with a target price of 87 euros.
Copyright (c) 2020 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.
82 billion euros for the 3rd quarter, estimating that productivity returned to normal in this quarter.
According to the analyst, orders came to 3.2 billion euros for the 3rd quarter, down 7% year-on-year, in particular due to sluggishness in the civil aviation sector.
Despite this, the broker considers that underlying demand is still dynamic, slightly raising its 2020 estimates, with an EPS of +1.3%, EBIT of 1.34 billion euros and revenues of 16.97 billion euros.
In this context, the broker maintains its 'buy' recommendation with a target price of 87 euros.
Copyright (c) 2020 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.