Dassault Aviation: Oddo BHF still on hold

(CercleFinance.com) - Oddo BHF maintains its 'neutral' rating on Dassault Aviation shares, with an unchanged target price of E195.


The analyst reports that the supply chain is still convalescent. Nevertheless, disruptions seem to be concentrated on the Falcon line, while the Rafale line remains largely under control, the broker points out.

Although we believe that the targets set by the company are certainly cautious, having missed these two previous targets, we have lowered our estimates to 35/41/51/60 Falcon deliveries and 20/28/31/39 Rafale deliveries over the next 4 years, Oddo BHF says.

Against this backdrop, the broker has reduced its EPS estimates for 2024 and 2025 by 5.5% and 3.9% respectively, although is keeping its forecasts for the years beyond 'virtually unchanged'.


Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.