(News Bulletin 247) – Deutsche Bank announced on Wednesday that it had raised its price target on Dassault Aviation from 200 to 209 euros, while maintaining its buy recommendation on the stock.
In a note released in the morning, the German bank explains that the aeronautical group 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”, adds 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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