Thales: Credit Suisse raises target price (with Gemalto)
(CercleFinance.com) - In a research report published this morning, Credit Suisse raised its target price on the share of the French electronics and defense group Thales, now targeting 140 euros vs.
116 euros (target up 20.7%), which means upside potential of around 15%.
The broker has confirmed its buy rating ("outperformance") on the stock.
The main argument developed by analysts is the group's acquisition of Gemalto, which is now integrated into their forecasts. "In our base case, the deal is EPS-accretive by +21%/+22% in 2020E/2021E," the broker calculates; it seems that the market is not integrating this sufficiently.
This deal also hides, “Good financial rationale”: “As sensors proliferate and the criticality of data integrity increases, we believe Gemalto's authentication technologies have the potential to enhance the cybersecurity,” analysts write.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
116 euros (target up 20.7%), which means upside potential of around 15%.
The broker has confirmed its buy rating ("outperformance") on the stock.
The main argument developed by analysts is the group's acquisition of Gemalto, which is now integrated into their forecasts. "In our base case, the deal is EPS-accretive by +21%/+22% in 2020E/2021E," the broker calculates; it seems that the market is not integrating this sufficiently.
This deal also hides, “Good financial rationale”: “As sensors proliferate and the criticality of data integrity increases, we believe Gemalto's authentication technologies have the potential to enhance the cybersecurity,” analysts write.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.