Dassault Aviation: Berenberg raises target price
(CercleFinance.com) - Berenberg reinstates its "buy" rating on the Dassault Aviation share, with a higher target price 1000 euros (vs.
900 euros previously), despite a reduction in its short-term estimates for the aeronautical manufacturer, whose medium-term outlook is less affected by the situation.
"With a strong net cash position providing ample safety and liquidity," the broker continues to see the share as a "deep-value relative safe haven" despite modest business jet exposure.
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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.
900 euros previously), despite a reduction in its short-term estimates for the aeronautical manufacturer, whose medium-term outlook is less affected by the situation.
"With a strong net cash position providing ample safety and liquidity," the broker continues to see the share as a "deep-value relative safe haven" despite modest business jet exposure.
Copyright (c) 2020 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.