Dassault Systèmes: Invest Securities reduces TP
(CercleFinance.com) - Invest Securities reiterates its 'buy' rating on Dassault Systèmes shares, with a target price reduced from E50 to E46, the day after the company issued a profit warning, at a time when the company is under fire due to fears over Medidata, SolidWorks and FCF.
In addition to the fact that the warning is limited, it is reassuring to note that it is not linked to the three factors mentioned above, but to a delay in investment decisions in the aerospace and defense sector, the analyst notes.
Management has gone out of its way to explain that this warning is cyclical, Invest Securities adds, for which, although short-term momentum is weak, the stock is trading at very attractive levels from a medium- to long-term perspective.
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The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
In addition to the fact that the warning is limited, it is reassuring to note that it is not linked to the three factors mentioned above, but to a delay in investment decisions in the aerospace and defense sector, the analyst notes.
Management has gone out of its way to explain that this warning is cyclical, Invest Securities adds, for which, although short-term momentum is weak, the stock is trading at very attractive levels from a medium- to long-term perspective.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.