Thales, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Chloe Lemaire from Jefferies maintained a Hold rating on the stock and has a €240.00 price target.
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Chloe Lemaire’s rating is based on several factors influencing Thales’s current market position. The company’s Q3 sales exceeded expectations by 3%, primarily driven by a strong performance in the Defense sector, which saw a 17% organic growth. However, the Cyber division underperformed, experiencing a 7% decline, which slightly offset the overall positive results.
Despite the solid sales figures, the adoption of the French budget remains a significant concern, creating uncertainty for Thales’s shares. Additionally, while the newly announced Space joint venture presents promising synergy opportunities, these developments are already largely anticipated by the market. Consequently, these mixed factors contribute to the Hold rating, reflecting a balanced outlook on Thales’s stock performance.
According to TipRanks, Lemaire is a top 100 analyst with an average return of 36.0% and an 85.80% success rate. Lemaire covers the Industrials sector, focusing on stocks such as Airbus Group SE, MTU Aero Engines, and Rolls-Royce Holdings.