Thales: Oddo says 'buy' - expects an 'acceleration' in 2021
(CercleFinance.com) - On Thursday an analyst at Oddo BHF confirms a "buy" recommendation on the Thales share, saying that the group is well prepared for the acceleration of 2021.
The group has reiterated its target of organic sales growth of between 3% and 5% on average over 2019-2023 (after 0.8% in 2019 and 0.9% expected in 2020), which underpins a marked acceleration in growth from 2021, with an average of over 4.5%. The momentum of order intake clearly adds credibility to this target, Oddo BHF says.
The broker therefore confirms its target price of 121 euros, which represents upside potential of 25%.
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