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Dassault Aviation: Oddo still a buyer

( - Oddo BHF reiterates its "outperform" rating on the Dassault Aviation share, while maintaining its target price at 1215 euros (current price: 919 euros, flat), highlighting an acceleration of commercial momentum and a recovery in profitability for the aircraft manufacturer.

The broker is expecting a commercially dynamic year 2021 for the Rafale, and anticipates a favourable inflexion of orders for the Falcon as of 2021, in particular accompanying the first flight of the 6X, which is scheduled to in the next few days.

Oddo BHF also believes that Dassault Aviation could also benefit from a ten-for-one share split in the second half of the year, which could attract more individual investors who, invest little in the share due to its relatively high price.

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