Dassault Aviation: Berenberg maintains 'buy' rating
(CercleFinance.com) - Berenberg reinstates its "buy" rating on the Dassault Aviation share, along with its target price of 1,500 euros (33% upside), after the aircraft manufacturer announced figures for its its deliveries, order intake and order backlog for 2019 earlier this week (Tuesday).
In this publication the broker highlights deliveries of business aircraft deliveries that are about 10% lower than expected, which has led it to reduce its own estimates for Falcon deliveries, which result in the group's earnings falling by between 4% and 5%.
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