Jefferies analyst Chloe Lemarie lowered the firm’s price target on Thales (THLLY) to EUR 240 from EUR 250 and keeps a Hold rating on the shares. Civil aerospace momentum is accelerating, aftermarket upgrades are broad-based, and defense valuations “offer good entry points into an attractive supercycle,” the analyst tells investors in a sector note. In addition to making two upgrades, the firm adjusted price targets across key names in its European Aerospace & Defense coverage.
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