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Thales upgraded to Outperform from Market Perform at Bernstein

Bernstein analyst Adrien Rabier upgraded Thales (THLLY) to Outperform from Market Perform with a EUR 275 price target The firm expects European defense share performance “to be more heterogenous this year.” It prefers “local champions in large markets, and superior portfolios.” Bernstein adjusted ratings as part of its 2026 outlook.

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