Analyst Chloe Lemarie of Jefferies maintained a Buy rating on Thales, retaining the price target of €310.00.
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Chloe Lemarie has given his Buy rating due to a combination of factors related to Thales’ business mix and growth prospects. Despite the recent weakness in the Digital operations within the C&D segment, the company still delivered a solid performance in its core Defense activities, which continue to underpin earnings quality and visibility.
Lemarie also views the civil aerospace and Defense franchises as key drivers, with both areas expected to post low double-digit growth that could allow Thales to outperform its current guidance. While she would prefer the group to streamline by exiting Digital or even the broader Cyber & Digital perimeter and refocus on avionics, optronics, and core defense electronics, she still sees sufficient value and upside potential to justify a Buy rating.
In another report released on March 6, TipRanks – OpenAI also reiterated a Buy rating on the stock with a €260.00 price target.