(News Bulletin 247) – Oddo BHF maintains its outperformance rating on the Dassault Aviation share, with a price target raised from 205 to 214 euros.
Dassault Aviation published last night a half-year result 9% below Oddo BHF’s expectations in terms of operating profit and 2% below the VA consensus, mainly due to a delay in deliveries to the 2nd half of 2023.
“This slight disappointment on EBIT for H1 2023 is largely offset by the confirmation of the guidance for deliveries of 35 Falcon and 15 Rafale over the whole of 2023, with a strong concentration on H2 as well as by financial products well above our expectations”, nuances the analyst.
Thus, following this publication, Oddo BHF raises its 2023/24/25 EPS sequence by 9.9%/8.3%/8.6% respectively.
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