Dassault Systèmes: Oddo BHF reduces target price

(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Dassault Systèmes shares, albeit with a target price reduced from E52 to E46.


Despite the fears expressed by some investors/analysts and the continued fall in the share price since Q1 results, analysts feel that Q2 results should not produce any major surprises.

Oddo BHF says that 2024 guidance seems within reach - although the top end of the range is challenging.

In addition to this preview, analysys are slightly lowering their guidance for 2024 towards the lower end of the guidance range in terms of sales. This translates into a 1.5% downward revision of our operating income and EPS forecasts for 2024 and 2025, the broker concludes.


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