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   <title>RBC Capital Starts Thales SA (HO:FP) (THLEF) at Outperform</title>
   <link>http://www.streetinsider.com/Intl+Ratings/RBC+Capital+Starts+Thales+SA+%28HO%3AFP%29+%28THLEF%29+at+Outperform/26899943.html</link>
   <description>&lt;p&gt;RBC Capital analyst Colin Moody initiates coverage on Thales SA (HO:FP) (OTC: THLEF) with a Outperform rating and a price target of EUR330.00.&lt;/p&gt;&lt;p&gt;The analyst comments: “Thales’ investment case combines defence market outgrowth (led by French exposure &amp; an innovative portfolio) with margin expansion and upside optionality elsewhere in the group. With our 2030E EBITA 20% higher than consensus (with a plausible further 15% upside), a strong operational track record and an undemanding valuation, we initiate at Outperform with a price target of €330.&lt;/p&gt;&lt;p&gt;We see Defence (55% of sales) as one of the leading European defence assets. We forecast a divisional</description>
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   <pubDate>Tue, 11 Aug 2026 02:47:24 -0400</pubDate>
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   <title>RBC Capital Starts Thales SA (HO:FP) (THLEF) at Outperform</title>
   <link>http://www.streetinsider.com/New+Coverage/RBC+Capital+Starts+Thales+SA+%28HO%3AFP%29+%28THLEF%29+at+Outperform/26899943.html</link>
   <description>&lt;p&gt;RBC Capital analyst Colin Moody initiates coverage on Thales SA (HO:FP) (OTC: THLEF) with a Outperform rating and a price target of EUR330.00.&lt;/p&gt;&lt;p&gt;The analyst comments: “Thales’ investment case combines defence market outgrowth (led by French exposure &amp; an innovative portfolio) with margin expansion and upside optionality elsewhere in the group. With our 2030E EBITA 20% higher than consensus (with a plausible further 15% upside), a strong operational track record and an undemanding valuation, we initiate at Outperform with a price target of €330.&lt;/p&gt;&lt;p&gt;We see Defence (55% of sales) as one of the leading European defence assets. We forecast a divisional</description>
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   <pubDate>Tue, 11 Aug 2026 02:47:24 -0400</pubDate>
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   <title>RBC Capital Starts Thales SA (HO:FP) (THLEF) at Outperform</title>
   <link>http://www.streetinsider.com/Analyst+Comments/RBC+Capital+Starts+Thales+SA+%28HO%3AFP%29+%28THLEF%29+at+Outperform/26899943.html</link>
   <description>&lt;p&gt;RBC Capital analyst Colin Moody initiates coverage on Thales SA (HO:FP) (OTC: THLEF) with a Outperform rating and a price target of EUR330.00.&lt;/p&gt;&lt;p&gt;The analyst comments: “Thales’ investment case combines defence market outgrowth (led by French exposure &amp; an innovative portfolio) with margin expansion and upside optionality elsewhere in the group. With our 2030E EBITA 20% higher than consensus (with a plausible further 15% upside), a strong operational track record and an undemanding valuation, we initiate at Outperform with a price target of €330.&lt;/p&gt;&lt;p&gt;We see Defence (55% of sales) as one of the leading European defence assets. We forecast a divisional</description>
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   <pubDate>Tue, 11 Aug 2026 02:47:24 -0400</pubDate>
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   <title>RBC Capital Starts Thales SA (HO:FP) (THLEF) at Outperform</title>
   <link>http://www.streetinsider.com/Intl+Ratings/RBC+Capital+Starts+Thales+SA+%28HO%3AFP%29+%28THLEF%29+at+Outperform/26899943.html</link>
   <description>&lt;p&gt;RBC Capital analyst Colin Moody initiates coverage on Thales SA (HO:FP) (OTC: THLEF) with a Outperform rating and a price target of EUR330.00.&lt;/p&gt;&lt;p&gt;The analyst comments: “Thales’ investment case combines defence market outgrowth (led by French exposure &amp; an innovative portfolio) with margin expansion and upside optionality elsewhere in the group. With our 2030E EBITA 20% higher than consensus (with a plausible further 15% upside), a strong operational track record and an undemanding valuation, we initiate at Outperform with a price target of €330.&lt;/p&gt;&lt;p&gt;We see Defence (55% of sales) as one of the leading European defence assets. We forecast a divisional</description>
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   <pubDate>Tue, 11 Aug 2026 02:47:24 -0400</pubDate>
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   <title>RBC Capital Starts Thales SA (HO:FP) (THLEF) at Outperform</title>
   <link>http://www.streetinsider.com/New+Coverage/RBC+Capital+Starts+Thales+SA+%28HO%3AFP%29+%28THLEF%29+at+Outperform/26899943.html</link>
   <description>&lt;p&gt;RBC Capital analyst Colin Moody initiates coverage on Thales SA (HO:FP) (OTC: THLEF) with a Outperform rating and a price target of EUR330.00.&lt;/p&gt;&lt;p&gt;The analyst comments: “Thales’ investment case combines defence market outgrowth (led by French exposure &amp; an innovative portfolio) with margin expansion and upside optionality elsewhere in the group. With our 2030E EBITA 20% higher than consensus (with a plausible further 15% upside), a strong operational track record and an undemanding valuation, we initiate at Outperform with a price target of €330.&lt;/p&gt;&lt;p&gt;We see Defence (55% of sales) as one of the leading European defence assets. We forecast a divisional</description>
   <guid isPermaLink="true">http://www.streetinsider.com/New+Coverage/RBC+Capital+Starts+Thales+SA+%28HO%3AFP%29+%28THLEF%29+at+Outperform/26899943.html</guid>
   <pubDate>Tue, 11 Aug 2026 02:47:24 -0400</pubDate>
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   <title>RBC Capital Starts Thales SA (HO:FP) (THLEF) at Outperform</title>
   <link>http://www.streetinsider.com/Analyst+Comments/RBC+Capital+Starts+Thales+SA+%28HO%3AFP%29+%28THLEF%29+at+Outperform/26899943.html</link>
   <description>&lt;p&gt;RBC Capital analyst Colin Moody initiates coverage on Thales SA (HO:FP) (OTC: THLEF) with a Outperform rating and a price target of EUR330.00.&lt;/p&gt;&lt;p&gt;The analyst comments: “Thales’ investment case combines defence market outgrowth (led by French exposure &amp; an innovative portfolio) with margin expansion and upside optionality elsewhere in the group. With our 2030E EBITA 20% higher than consensus (with a plausible further 15% upside), a strong operational track record and an undemanding valuation, we initiate at Outperform with a price target of €330.&lt;/p&gt;&lt;p&gt;We see Defence (55% of sales) as one of the leading European defence assets. We forecast a divisional</description>
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   <pubDate>Tue, 11 Aug 2026 02:47:24 -0400</pubDate>
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   <title>Barclays Upgrades Thales SA (HO:FP) (THLEF) to Equalweight</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Barclays+Upgrades+Thales+SA+%28HO%3AFP%29+%28THLEF%29+to+Equalweight/26852343.html</link>
   <description>&lt;p&gt;Barclays analyst Milene Kerner upgraded Thales SA (HO:FP) (OTC: THLEF) from Underweight to Equalweight with a price target of EUR280.00 (from EUR270.00).&lt;/p&gt;&lt;p&gt;The analyst comments: “Thales continues to own one of the highest-quality defence franchises in Europe, in our view. We think its leading positions in air defence, radars, electronic warfare, secure communications, command-and-control systems and sovereign technologies are directly aligned with the procurement priorities of European and Middle Eastern customers. In our view, the market already prices in sustained low double-digit Defence revenue growth, supported by robust order momentum, a €41bn Defence backlog and accelerating demand across Europe and the</description>
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   <pubDate>Mon, 03 Aug 2026 01:24:47 -0400</pubDate>
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   <title>Barclays Upgrades Thales SA (HO:FP) (THLEF) to Equalweight</title>
   <link>http://www.streetinsider.com/Upgrades/Barclays+Upgrades+Thales+SA+%28HO%3AFP%29+%28THLEF%29+to+Equalweight/26852343.html</link>
   <description>&lt;p&gt;Barclays analyst Milene Kerner upgraded Thales SA (HO:FP) (OTC: THLEF) from Underweight to Equalweight with a price target of EUR280.00 (from EUR270.00).&lt;/p&gt;&lt;p&gt;The analyst comments: “Thales continues to own one of the highest-quality defence franchises in Europe, in our view. We think its leading positions in air defence, radars, electronic warfare, secure communications, command-and-control systems and sovereign technologies are directly aligned with the procurement priorities of European and Middle Eastern customers. In our view, the market already prices in sustained low double-digit Defence revenue growth, supported by robust order momentum, a €41bn Defence backlog and accelerating demand across Europe and the</description>
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   <pubDate>Mon, 03 Aug 2026 01:24:47 -0400</pubDate>
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   <title>Barclays Upgrades Thales SA (HO:FP) (THLEF) to Equalweight</title>
   <link>http://www.streetinsider.com/Analyst+Comments/Barclays+Upgrades+Thales+SA+%28HO%3AFP%29+%28THLEF%29+to+Equalweight/26852343.html</link>
   <description>&lt;p&gt;Barclays analyst Milene Kerner upgraded Thales SA (HO:FP) (OTC: THLEF) from Underweight to Equalweight with a price target of EUR280.00 (from EUR270.00).&lt;/p&gt;&lt;p&gt;The analyst comments: “Thales continues to own one of the highest-quality defence franchises in Europe, in our view. We think its leading positions in air defence, radars, electronic warfare, secure communications, command-and-control systems and sovereign technologies are directly aligned with the procurement priorities of European and Middle Eastern customers. In our view, the market already prices in sustained low double-digit Defence revenue growth, supported by robust order momentum, a €41bn Defence backlog and accelerating demand across Europe and the</description>
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   <pubDate>Mon, 03 Aug 2026 01:24:47 -0400</pubDate>
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   <title>Barclays Upgrades Thales SA (HO:FP) (THLEF) to Equalweight</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Barclays+Upgrades+Thales+SA+%28HO%3AFP%29+%28THLEF%29+to+Equalweight/26852343.html</link>
   <description>&lt;p&gt;Barclays analyst Milene Kerner upgraded Thales SA (HO:FP) (OTC: THLEF) from Underweight to Equalweight with a price target of EUR280.00 (from EUR270.00).&lt;/p&gt;&lt;p&gt;The analyst comments: “Thales continues to own one of the highest-quality defence franchises in Europe, in our view. We think its leading positions in air defence, radars, electronic warfare, secure communications, command-and-control systems and sovereign technologies are directly aligned with the procurement priorities of European and Middle Eastern customers. In our view, the market already prices in sustained low double-digit Defence revenue growth, supported by robust order momentum, a €41bn Defence backlog and accelerating demand across Europe and the</description>
   <guid isPermaLink="true">http://www.streetinsider.com/Intl+Ratings/Barclays+Upgrades+Thales+SA+%28HO%3AFP%29+%28THLEF%29+to+Equalweight/26852343.html</guid>
   <pubDate>Mon, 03 Aug 2026 01:24:47 -0400</pubDate>
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   <title>Barclays Upgrades Thales SA (HO:FP) (THLEF) to Equalweight</title>
   <link>http://www.streetinsider.com/Upgrades/Barclays+Upgrades+Thales+SA+%28HO%3AFP%29+%28THLEF%29+to+Equalweight/26852343.html</link>
   <description>&lt;p&gt;Barclays analyst Milene Kerner upgraded Thales SA (HO:FP) (OTC: THLEF) from Underweight to Equalweight with a price target of EUR280.00 (from EUR270.00).&lt;/p&gt;&lt;p&gt;The analyst comments: “Thales continues to own one of the highest-quality defence franchises in Europe, in our view. We think its leading positions in air defence, radars, electronic warfare, secure communications, command-and-control systems and sovereign technologies are directly aligned with the procurement priorities of European and Middle Eastern customers. In our view, the market already prices in sustained low double-digit Defence revenue growth, supported by robust order momentum, a €41bn Defence backlog and accelerating demand across Europe and the</description>
   <guid isPermaLink="true">http://www.streetinsider.com/Upgrades/Barclays+Upgrades+Thales+SA+%28HO%3AFP%29+%28THLEF%29+to+Equalweight/26852343.html</guid>
   <pubDate>Mon, 03 Aug 2026 01:24:47 -0400</pubDate>
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   <title>Barclays Upgrades Thales SA (HO:FP) (THLEF) to Equalweight</title>
   <link>http://www.streetinsider.com/Analyst+Comments/Barclays+Upgrades+Thales+SA+%28HO%3AFP%29+%28THLEF%29+to+Equalweight/26852343.html</link>
   <description>&lt;p&gt;Barclays analyst Milene Kerner upgraded Thales SA (HO:FP) (OTC: THLEF) from Underweight to Equalweight with a price target of EUR280.00 (from EUR270.00).&lt;/p&gt;&lt;p&gt;The analyst comments: “Thales continues to own one of the highest-quality defence franchises in Europe, in our view. We think its leading positions in air defence, radars, electronic warfare, secure communications, command-and-control systems and sovereign technologies are directly aligned with the procurement priorities of European and Middle Eastern customers. In our view, the market already prices in sustained low double-digit Defence revenue growth, supported by robust order momentum, a €41bn Defence backlog and accelerating demand across Europe and the</description>
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   <pubDate>Mon, 03 Aug 2026 01:24:47 -0400</pubDate>
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   <title>Thales SA (HO:FP) (THLEF) PT Raised to EUR275 at Berenberg</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Thales+SA+%28HO%3AFP%29+%28THLEF%29+PT+Raised+to+EUR275+at+Berenberg/26829228.html</link>
   <description>Berenberg analyst George McWhirter raised the price target on Thales SA (HO:FP) (OTC: THLEF) to EUR275.00  (from EUR265.00) while maintaining a Hold rating.</description>
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   <pubDate>Wed, 29 Jul 2026 05:29:40 -0400</pubDate>
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   <title>Thales SA (HO:FP) (THLEF) PT Raised to EUR275 at Berenberg</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Thales+SA+%28HO%3AFP%29+%28THLEF%29+PT+Raised+to+EUR275+at+Berenberg/26829228.html</link>
   <description>Berenberg analyst George McWhirter raised the price target on Thales SA (HO:FP) (OTC: THLEF) to EUR275.00  (from EUR265.00) while maintaining a Hold rating.</description>
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   <pubDate>Wed, 29 Jul 2026 05:29:40 -0400</pubDate>
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   <title>Thales SA (HO:FP) (THLEF) PT Raised to EUR275 at Berenberg</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Thales+SA+%28HO%3AFP%29+%28THLEF%29+PT+Raised+to+EUR275+at+Berenberg/26829228.html</link>
   <description>Berenberg analyst George McWhirter raised the price target on Thales SA (HO:FP) (OTC: THLEF) to EUR275.00  (from EUR265.00) while maintaining a Hold rating.</description>
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   <pubDate>Wed, 29 Jul 2026 05:29:40 -0400</pubDate>
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   <title>Thales SA (HO:FP) (THLEF) PT Raised to EUR275 at Berenberg</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Thales+SA+%28HO%3AFP%29+%28THLEF%29+PT+Raised+to+EUR275+at+Berenberg/26829228.html</link>
   <description>Berenberg analyst George McWhirter raised the price target on Thales SA (HO:FP) (OTC: THLEF) to EUR275.00  (from EUR265.00) while maintaining a Hold rating.</description>
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   <pubDate>Wed, 29 Jul 2026 05:29:40 -0400</pubDate>
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   <title>Thales SA (HO:FP) (THLEF) PT Raised to EUR264 at Morgan Stanley</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Thales+SA+%28HO%3AFP%29+%28THLEF%29+PT+Raised+to+EUR264+at+Morgan+Stanley/26821224.html</link>
   <description>Morgan Stanley analyst Ross Law raised the price target on Thales SA (HO:FP) (OTC: THLEF) to EUR264.00  (from EUR253.00) while maintaining a Equalweight rating.</description>
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   <pubDate>Tue, 28 Jul 2026 05:09:43 -0400</pubDate>
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   <title>Thales SA (HO:FP) (THLEF) PT Raised to EUR264 at Morgan Stanley</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Thales+SA+%28HO%3AFP%29+%28THLEF%29+PT+Raised+to+EUR264+at+Morgan+Stanley/26821224.html</link>
   <description>Morgan Stanley analyst Ross Law raised the price target on Thales SA (HO:FP) (OTC: THLEF) to EUR264.00  (from EUR253.00) while maintaining a Equalweight rating.</description>
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   <title>Thales SA (HO:FP) (THLEF) PT Raised to EUR264 at Morgan Stanley</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Thales+SA+%28HO%3AFP%29+%28THLEF%29+PT+Raised+to+EUR264+at+Morgan+Stanley/26821224.html</link>
   <description>Morgan Stanley analyst Ross Law raised the price target on Thales SA (HO:FP) (OTC: THLEF) to EUR264.00  (from EUR253.00) while maintaining a Equalweight rating.</description>
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   <title>Thales SA (HO:FP) (THLEF) PT Raised to EUR264 at Morgan Stanley</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Thales+SA+%28HO%3AFP%29+%28THLEF%29+PT+Raised+to+EUR264+at+Morgan+Stanley/26821224.html</link>
   <description>Morgan Stanley analyst Ross Law raised the price target on Thales SA (HO:FP) (OTC: THLEF) to EUR264.00  (from EUR253.00) while maintaining a Equalweight rating.</description>
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   <title>Deutsche Bank Upgrades Thales SA (HO:FP) (THLEF) to Buy</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Deutsche+Bank+Upgrades+Thales+SA+%28HO%3AFP%29+%28THLEF%29+to+Buy/26815167.html</link>
   <description>&lt;p&gt;Deutsche Bank analyst Christophe Menard upgraded Thales SA (HO:FP) (OTC: THLEF) from Hold to Buy with a price target of EUR296.00 (from EUR283.00).&lt;/p&gt;</description>
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   <pubDate>Mon, 27 Jul 2026 04:49:18 -0400</pubDate>
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   <title>Deutsche Bank Upgrades Thales SA (HO:FP) (THLEF) to Buy</title>
   <link>http://www.streetinsider.com/Upgrades/Deutsche+Bank+Upgrades+Thales+SA+%28HO%3AFP%29+%28THLEF%29+to+Buy/26815167.html</link>
   <description>&lt;p&gt;Deutsche Bank analyst Christophe Menard upgraded Thales SA (HO:FP) (OTC: THLEF) from Hold to Buy with a price target of EUR296.00 (from EUR283.00).&lt;/p&gt;</description>
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   <pubDate>Mon, 27 Jul 2026 04:49:18 -0400</pubDate>
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   <title>Deutsche Bank Upgrades Thales SA (HO:FP) (THLEF) to Buy</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Deutsche+Bank+Upgrades+Thales+SA+%28HO%3AFP%29+%28THLEF%29+to+Buy/26815167.html</link>
   <description>&lt;p&gt;Deutsche Bank analyst Christophe Menard upgraded Thales SA (HO:FP) (OTC: THLEF) from Hold to Buy with a price target of EUR296.00 (from EUR283.00).&lt;/p&gt;</description>
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   <pubDate>Mon, 27 Jul 2026 04:49:18 -0400</pubDate>
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   <title>Deutsche Bank Upgrades Thales SA (HO:FP) (THLEF) to Buy</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Deutsche+Bank+Upgrades+Thales+SA+%28HO%3AFP%29+%28THLEF%29+to+Buy/26815167.html</link>
   <description>&lt;p&gt;Deutsche Bank analyst Christophe Menard upgraded Thales SA (HO:FP) (OTC: THLEF) from Hold to Buy with a price target of EUR296.00 (from EUR283.00).&lt;/p&gt;</description>
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   <pubDate>Mon, 27 Jul 2026 04:49:18 -0400</pubDate>
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   <title>Deutsche Bank Upgrades Thales SA (HO:FP) (THLEF) to Buy</title>
   <link>http://www.streetinsider.com/Upgrades/Deutsche+Bank+Upgrades+Thales+SA+%28HO%3AFP%29+%28THLEF%29+to+Buy/26815167.html</link>
   <description>&lt;p&gt;Deutsche Bank analyst Christophe Menard upgraded Thales SA (HO:FP) (OTC: THLEF) from Hold to Buy with a price target of EUR296.00 (from EUR283.00).&lt;/p&gt;</description>
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