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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.
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