Jefferies raised the firm’s price target on Thales (THLLY) to EUR 250 from EUR 240 and keeps a Hold rating on the shares. Q3 overall was solid, leaving upside to the Defense guide, and the performance in Aerospace was solid, which bodes well for margin, the analyst tells investors in a research note. The firm added that Cyber remains a sticking point, likely weighing on C&D margin and offsetting the stronger Defense & Aerospace.
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