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Thales: a 'safe haven' Oddo BHF says

(CercleFinance.com) - Oddo BHF reiterates its "buy" recommendation on the Thales share, along with its target price of 121 euros, describing the share as "safe haven," with sales accelerating from 2021, which it notes is guaranteed by a solid momentum in order intake.


The broker considers the defense and transport electronics group's share as relatively immune to the COVID-19 outbreak. It also underlines the expansion of margins that it underway at DIS, along with an underlying cash conversion that is still as solid.


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