Thales: Oddo BHF confirms raring

(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Thales shares, with an unchanged target price of E193.


At a roadshow in Paris, Thales CEOs and CFOs reviewed the company's main targets and shared their confidence in achieving their guidance.

Thus, beyond the 2024-28 CAGR of 5% to 7% in group sales, Thales insists on its ability to maintain 6% to 7% growth in Defense over a decade, thanks to its backlog of nearly 4 years, the anticipation of a B/B >1 at least over the next 2 years and the non-factorization of a turnaround in European military budgets, the analyst reports.

In the near term, our EPS adjustment of -4.3% in 2024 and -2.4% in 2025 takes into account the temporary increase in corporate income tax in France, while our medium-term estimates have been very slightly raised, the broker concludes.


Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.