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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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.
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.
Copyright (c) 2020 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.