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REAL-TIME GLOBAL RESEARCH

Thales SA: Thales - Acquisition of Exail

Published: 2026-07-06Institution: BernsteinCompany / ticker: HO.FPPages: 20Original language: EnglishEvidence page: 13

Research evidence excerpt

Thales SA: Thales - Acquisition of Exail

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Those denoted as ‘Feature’ (e.g., Feature Outperform FOP, Feature Under Outperform FUP) are our core ideas.

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operating in similar sectors or rating categories over the next six months.

• Neutral (N): The total return of the preferred instrument is expected to perform in line with preferred securities of other issuers

• Underperform (UP): The total return of the preferred instrument is expected to underperform preferred securities of other

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Autonomous preferred stock ratings are based on a 6-month time horizon.

AUTONOMOUS CREDIT RESEARCH

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GLOBAL AEROSPACE & DEFENSE 13

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