Dassault Aviation: Oddo BHF raises target price
(CercleFinance.com) - Oddo BHF reiterates its "buy" recommendation on Dassault Aviation and has raised its target price for the share from 1050 euros to 1188 euros, stressing that the current price implies a negative core value of the aircraft manufacturer, which it says is "unjustifiable".
The broker stresses that the visibility on the military division remains strong and that exports still offer optionality, that the Falcon product cycle will once again become favourable and coincide with the recovery of the business aviation market and that its transformation plan will bear fruit from 2021.
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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.
The broker stresses that the visibility on the military division remains strong and that exports still offer optionality, that the Falcon product cycle will once again become favourable and coincide with the recovery of the business aviation market and that its transformation plan will bear fruit from 2021.
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.