(News Bulletin 247) – Oddo maintains its Outperformance recommendation on the Dassault Aviation stock and raises its price target from 175E to 205E.
‘The company’s comments on the Rafale campaigns suggest that the newsflow could remain strong in the coming months’, explains the analyst who sees 2023 as ‘a year of transition’ at least for export.
For Oddo, despite the recent performance, the valuation ‘remains attractive with a stub that we estimate at 5 MdE, which implies a value close to 0 again for the Falcons if we value the defense activity in line with European peers’.
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