(News Bulletin 247) – In a note on European aeronautics and defense stocks, Morgan Stanley is beginning to hedge Thales with an ‘overweight’ recommendation and a price target set at 169 euros.
The broker claims for the French group, as well as for its British peer BAE Systems, also advised to ‘overweight’, 2025 earnings forecasts 3-4% higher than the consensus.
“Most importantly, our longer-term (2025-30) growth projections significantly exceed consensus (6% for both BAE and Thales, versus 3% and 4% consensus, respectively),” it adds. -he.
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