Dassault Systèmes: boosted by an analyst's comments
(CercleFinance.com) - The Dassault Systèmes share is up 2% today, benefiting from Oddo BHF confirming its "buy" recommendation on the share, while increasing its corresponding target price to 170 euros, with the analyst seeing a good entry opportunity for investors in this corporate software publisher.
At its forthcoming CMD of 13 November, Dassault Systèmes will demonstrate that the price it paid for Medidata is justified by its strategic interest and prospects for profitable growth, the analyst says.
According to the broker, the integration of Medidata should enhance the group's structural organic growth by 100 basis points, while increasing 2020e EPS by 10%.
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