Dassault Systèmes: Invest Securities confirms rating
(CercleFinance.com) - Invest Securities believes that despite Q2 2019 again being strong, the Dassault Systèmes share has underperformed the market over the summer (-10 points in relative terms), which can only be explained by a sector derating.
Analysts confirm their buy rating on the share, along with a target price of 172 euros, which does not yet incorporate the value creation stemming from Medidata.
Profit warnings issued by PTC and Autodesk do not, in the broker's opinion, have any negative implications for DSY and the difficulties of its customers (Boeing and car makers) tend to represent a source of opportunities for the group, analysts explain.
Other than the delay in the takeover of Medidata, which did not really trigger a stockmarket reaction (but rather questions), the group is announcing fairly positive news, with particularly attractive funding for Medidata and a Q3 publication (24/10/19) which looks as though it will be promising, Invest Securities adds.
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