Dassault Aviation: Credit Suisse upgrades to buy.

(CercleFinance.com) - Credit Suisse analysts have upgraded their rating on the French aircraft manufacturer Dassault Aviation, to buy.
Previously neutral on the stock, the Swiss bank has now upgraded it to "outperform," having upped their target price from 990 euros to 1,375 euros (+38.9%).

Credit Suisse's main justification for this is: "a change to methodology to capture upside in Rafale (fighter aircraft) and the bizjet market" as features in its report.

Regarding bizjets, the environment is slightly better, Credit Suisse writes, which can detect early warning signs of a market recovery - or at least the end of its deterioration.

In addition, "The Rafale success story may continue" it adds in a research paper: "After three export orders booked in two years, more may be coming in the not too distant future, possibly even in H2. Both management and the French authorities appear relatively optimistic" Credit Suisse highlights.

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