{
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Thales shares soar as UBS upgrades outlook amid defense spending surge

UBS has upgraded Thales shares to "buy," predicting over 12.5% long-term growth in its defense division, driven by increased military budgets in Europe. The stock has surged 78% this year, with UBS raising its price target to 330 euros, suggesting a potential upside of 37.5%. Despite some caution from Thales' CEO regarding order conversion, UBS remains optimistic about the company's positioning in electronic systems and integrated communications.
BFM Bourse
Euro Thales DEU FRA Patrice Caine Julien Marion
Business & Industry, Market Report
15:14 24.03.2025

eurofins scientific faces stock market decline amid disappointing growth and audits

Eurofins Scientific faces significant stock market penalties due to disappointing growth, particularly in biopharmaceutical services, leading to a lowered revenue forecast for 2024. The company reported third-quarter revenues of 1.72 billion euros, falling short of expectations, with organic growth at just 4.4%. An independent audit confirmed the integrity of its cash accounting practices, countering allegations of financial misconduct.
BFM Bourse
Euro Eurofins Scientific SE LUX Gilles Martin Julien Marion
Finance & Economy, Market Report
10:43 22.10.2024
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