Dassault Systèmes: UBS still neutral before CMD
(CercleFinance.com) - UBS maintains its Neutral rating on the Dassault Systèmes stock with a target price of E42, ahead of the group's CMD.
"We see DS's cloud transition as manageable from a top-and-bottom-line perspective, albeit risks to H2's acceleration in licences remain," UBS says.
Dassault Systèmes has confirmed its non-IFRS targets for FY 2023, i.e. EPS of E1.18 to E1.20, with sales growth expected at 8% to 9%.
Copyright (c) 2023 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.
"We see DS's cloud transition as manageable from a top-and-bottom-line perspective, albeit risks to H2's acceleration in licences remain," UBS says.
Dassault Systèmes has confirmed its non-IFRS targets for FY 2023, i.e. EPS of E1.18 to E1.20, with sales growth expected at 8% to 9%.
Copyright (c) 2023 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.