(News Bulletin 247) – Oddo BHF reaffirms its ‘outperformance’ opinion and its price target of 49 euros on Dassault Systèmes, returning to a short investor day (CMD) organized last Friday by the enterprise software publisher.
“The format of this CMD may have surprised, even frustrated, some, but it should be remembered that the main strategic axes had been detailed a year ago”, notes the analyst who points to “still very solid objectives in organic terms” and of ‘strong confirmed M&A ambitions’.
‘The return to growth in China in the second quarter (confirmed at the CMD) and the good medium-term growth prospects, make it possible to put the current valuation into perspective, which even reflects a slight discount on peers’, he judges. .
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