THALES : Jefferies confirms its opinion
' Here's what we took away: (1) confidence in the turnaround of aerospace margins; (2) a solid space outlook despite the loss of Telesat; (3) defense momentum will last a decade; (4) CMD will be organized next year to provide medium-term visibility; and (5) the UK pension buyback opportunity ' stresses the analyst.
We came away from this event with a more positive view of the shares' potential," adds Jefferies.
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