Dassault Systèmes: Oddo BHF still a buyer, trims TP

(CercleFinance.com) - While trimming its target price for the share from E49 to E47, due to lower peer multiples, Oddo BHF reiterates its "outperform" rating on Dassault Systèmes shares, judging that risk/reward looks positive ahead of its quarterly publication.


Before this announcement, the broker says that it understands the market's disappointment since July, with the slowdown in Medidata's growth, although considers the share to be under excessive pressure.

The better outlook for Q4 could reassure the market somewhat, as could its highly satisfactory performance in China, despite lacklustre macro indicators, the analyst says.


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