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Thales surged to the top of the CAC 40 after UBS upgraded its rating to "buy," highlighting the company's potential to benefit from rising European military budgets. Shares rose 3.4% to 248.2 euros, with UBS forecasting a 12.5% growth in defense sales by 2030, despite cautioning against overly optimistic sales growth expectations. Meanwhile, UBS downgraded Italian defense group Leonardo to "neutral," citing limited room for further gains.
Thales surged to the top of the CAC 40 after UBS upgraded its rating to "buy," highlighting the company's potential to benefit from rising European military budgets. Shares rose 3.4% to 248.2 euros, with UBS forecasting a 12.5% growth in defense sales by 2030, despite cautioning against overly optimistic sales growth expectations. Meanwhile, UBS downgraded Italian defense group Leonardo to "neutral," citing limited upside in its current valuation.
UBS has upgraded Thales from "Neutral" to "Buy," raising its price target from 160 to 330 euros. Analyst Ian Douglas-Pennant anticipates that the French aerospace company will nearly double its annual growth rate, benefiting from an expected "super cycle" in the defense industry.
UBS has upgraded its recommendation for Thales from 'neutral' to 'buy', significantly raising the price target from 160 to 330 euros. The firm sees substantial growth potential in the defense sector, projecting an average annual growth rate of 12.6% from 2023 to 2030, which it considers more optimistic than management's forecast of 6 to 7%.
UBS has upgraded Thales from "Neutral" to "Buy," raising its price target from 160 to 330 euros. Analyst Ian Douglas-Pennant anticipates that the French aerospace company will nearly double its annual growth rate, benefiting from an expected "super cycle" in the defense industry.
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 a trend of European defense players gaining market share from US primes, maintaining Buy ratings for several defense stocks while downgrading Leonardo to Neutral.
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 cautious expectations for European defense spending, predicting a shift in market share from US primes to European players.
Thales, a leading European manufacturer of electronic systems for aerospace, defense, and security, has been upgraded from "neutral" to "buy" by UBS. The company's sales are primarily derived from defense and security systems (53.3%), aerospace systems (26.6%), and digital identification solutions (19.6%). Geographically, sales are concentrated in France (28.8%), Europe (25.1%), and North America (14.2%), among others.
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Thales rises on UBS upgrade amid European defense spending surge
11:47 24.03.2025
Thales rises on UBS upgrade amid European defense spending surge
11:47 24.03.2025
UBS upgrades Thales to buy with target price raised to 330 euros
10:53 24.03.2025
UBS upgrades Thales to buy with increased price target and growth forecast
10:53 24.03.2025
UBS upgrades Thales to buy with target price raised to 330 euros
10:50 24.03.2025
ubs upgrades thales to buy amid defense sector growth expectations
10:49 24.03.2025
ubs upgrades thales to buy amid defense sector growth expectations
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 citing defense sector growth potential
10:47 24.03.2025
Thales receives buy rating upgrade from UBS amid strong market position
10:19 24.03.2025
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