Dassault Aviation: Oddo confirms rating and TP
(CercleFinance.com) - On Saturday evening Greece announced its intention to order 18 Rafale fighters, aiming to finalise the contract by the end of the year.
Oddo said that Greece's desire to receive its Rafales from H2 2021, coupled with a tight budget (1.8-2 billion euros according to the different press sources) is forcing it to buy planes, including many second-hand aircraft,
The analyst believes that Greece's decision could speed up negotiations between France and Croatia, which had relaunched a process of acquiring used fighter aircraft.
Oddo confirms its buy rating on the share, along with a target price of 1,188 euros.
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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.
Oddo said that Greece's desire to receive its Rafales from H2 2021, coupled with a tight budget (1.8-2 billion euros according to the different press sources) is forcing it to buy planes, including many second-hand aircraft,
The analyst believes that Greece's decision could speed up negotiations between France and Croatia, which had relaunched a process of acquiring used fighter aircraft.
Oddo confirms its buy rating on the share, along with a target price of 1,188 euros.
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.