Jefferies analyst Chloe Lemarie downgraded Thales (THLLY) to Hold from Buy with a price target of EUR 240, up from EUR 190. The firm cites valuation for the downgrade, saying the shares have re-rated too quickly.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on THLLY:
- Thales price target raised to EUR 250 from EUR 165 at Berenberg
- Thales upgraded to Buy from Hold at DZ Bank
- Thales SA Reports Strong 2024 Financial Performance
- Thales’s Strong Financial Performance and Promising Outlook Driven by Defense Sector Growth
- Thales price target raised to EUR 220 from EUR 195 at JPMorgan