Dassault Aviation: Oddo still a buyer after company contact
(CercleFinance.com) - Oddo held a conference yesterday with the company, with its CFO Denis Dassé reviewing the impact of the COVID-19 crisis.
The broker says that the second half of 2020 will still continue to suffer, even though its activity rate is currently close to normal.
The company reiterates its caution regarding civil aviation, with a delivery target of 30 Falcons in 2020 due to the uncertainty surrounding business aviation (order book reduced to 42 aircraft, health crisis still present, hesitation regarding the forthcoming US election, etc.) Oddo says.
It did not want to comment on the recent rumours in the Greek press, mentioning a French proposal for 10 Rafale F3R, which could be complemented by a number of used aircraft.
Oddo confirms its buy rating on the share, along with a target price of 1,180 euros (current price: just over 780, +2%).
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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 says that the second half of 2020 will still continue to suffer, even though its activity rate is currently close to normal.
The company reiterates its caution regarding civil aviation, with a delivery target of 30 Falcons in 2020 due to the uncertainty surrounding business aviation (order book reduced to 42 aircraft, health crisis still present, hesitation regarding the forthcoming US election, etc.) Oddo says.
It did not want to comment on the recent rumours in the Greek press, mentioning a French proposal for 10 Rafale F3R, which could be complemented by a number of used aircraft.
Oddo confirms its buy rating on the share, along with a target price of 1,180 euros (current price: just over 780, +2%).
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.