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UBS has upgraded Thales shares from Neutral to Buy, increasing the target price from €160 to €330, citing strong positioning for the defense supercycle due to its focus on electronic systems and integrated communications. The broker raised its 2029 earnings-per-share estimates by 12% following a 25% increase in EBIT estimates for the defense sector. UBS also highlights cautious expectations for European defense spending, predicting a shift in market share from US firms to European players.
UBS has upgraded Thales shares from Neutral to Buy, increasing the target price from €160 to €330, citing strong positioning for the defense supercycle due to its focus on electronic systems and integrated communications. The broker raised its 2029 earnings-per-share estimates by 12% following a 25% increase in EBIT estimates for the defense sector. UBS also highlights cautious expectations for European defense spending, predicting a shift in market share from US primes to European players.
UBS has upgraded Thales shares from Neutral to Buy, increasing the target price from €160 to €330, citing the company's strong position in the defense supercycle due to its focus on electronic systems and integrated communications. The broker raised its 2029 earnings per share estimates by 12% following a 25% increase in EBIT estimates for the defense sector. UBS also highlights cautious expectations for European defense spending, projecting 2.5% of GDP by 2030, and has similarly upgraded Saab while downgrading Leonardo to Neutral.
UBS has upgraded Thales shares from Neutral to Buy, increasing the target price from €160 to €330, citing strong positioning for the defense supercycle due to its focus on electronic systems and integrated communications. The broker raised its 2029 earnings-per-share estimates by 12% following a 25% increase in EBIT estimates for the defense sector. UBS also highlights a trend of European defense players gaining market share from US primes, maintaining Buy ratings for several defense stocks while downgrading Leonardo to Neutral.
Equity markets are experiencing a rebound, driven by renewed optimism and a notable quiet from Donald Trump regarding tariffs. European indices are outperforming Wall Street as investors await a significant telephone exchange between the White House and the Kremlin, along with the Fed's comments ahead of its key rate decision.
Analysts have made several notable recommendations, including Kempen maintaining a Buy on Abivax but lowering the price target to USD 18. RBC Capital upgraded Anglo American to Sector Perform with a target of GBX 2310, while JP Morgan raised ArgenX's target to USD 805. Bernstein upgraded Veolia to Outperform with a target of EUR 38, and maintained Outperform for Dassault Aviation with a new target of EUR 305. Other adjustments include Eiffage's target raised to EUR 158.90 and UBS Group's target reduced to USD 35.
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ubs upgrades thales to buy amid defense sector growth expectations
10:49 24.03.2025
ubs upgrades thales to buy citing defense sector growth potential
10:47 24.03.2025
ubs upgrades thales to buy amid defense sector growth prospects
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10:47 24.03.2025
ubs upgrades thales to buy amid defense sector growth expectations
10:47 24.03.2025
equity markets rebound as key political talks and fed decision approach
08:41 18.03.2025
analysts update recommendations and price targets for key european companies
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08:41 18.03.2025
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