(News Bulletin 247) – Dassault Aviation rose again on the Paris Stock Exchange on Wednesday, driven by favorable comments from analysts at Deutsche Bank.
At 9:30 am, the action of the aeronautical group wins 0.7% and signs one of the largest increases in the SBF 120, which brings its gains to 14% since the beginning of June.
The title benefits from an increase in the price target from Deutsche Bank, which now says it is aiming for 209 euros on the value, against 200 euros previously, while maintaining its buy recommendation.
In a note released in the morning, the German bank indicates that the aircraft manufacturer could be “cautiously optimistic” on the occasion of the publication of its half-year results, scheduled for July 20, in particular thanks to the commercial dynamics enjoyed by the Rafale. .
“There is still potential for Dassault to seal new export contracts for the Rafale beyond the two orders that we have included in our forecasts”, explains DB, who underlines that good surprises could have repercussions at the level of the free cash flow (FCF) of the company.
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