Thales: Oddo still a buyer
(CercleFinance.com) - Broker Oddo expects Thales' Q3 revenue to reach 3,589 million euros, excluding Transport (now treated as a business to be sold), ahead of the group publishing these results before the market opens on 26 October, with organic growth of 0.
3%.
This slight decline is mainly due to the comparison basis effect in Defence & Security.
Oddo expects organic growth of +3% in Q4. The Defence & Security business should therefore decline by nearly 2% to 1,843 million euros.
Oddo confirms its Outperform recommendation on the stock and maintains its target price of 102 euros. The group's fundamentals are solid and offer an attractive profile, the analyst says.
The market seems to think otherwise, however - at least today - the share is down almost 2% at present.
Copyright (c) 2021 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.
3%.
This slight decline is mainly due to the comparison basis effect in Defence & Security.
Oddo expects organic growth of +3% in Q4. The Defence & Security business should therefore decline by nearly 2% to 1,843 million euros.
Oddo confirms its Outperform recommendation on the stock and maintains its target price of 102 euros. The group's fundamentals are solid and offer an attractive profile, the analyst says.
The market seems to think otherwise, however - at least today - the share is down almost 2% at present.
Copyright (c) 2021 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.