Thales

HO: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€847.00	Pzg	Xkfhkmmpj

Thales Earnings: HI 2023 Results in Line With Consensus, Revenue Guidance Raised; FVE Maintained

Loredana Muharremi

Jul 25, 2023

Narrow-moat Thales reported strong first-half 2023 results, aligning with company-compiled consensus. Our fair value estimate is unchanged.

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