Dassault Systèmes: Oddo BHF cuts target price
(CercleFinance.com) - Oddo BHF reiterates its "buy" recommendation on the Dassault Systèmes stock, although is reducing its corresponding target price from 141 euros to 135 euros, in particular in order to take into account the deterioration in multiples of PLM (product life cycle management) players.
The mixed organic growth over the third quarter has been offset by a strong guidance for Q4 and management's tone which overall is confident, said the analyst monitoring the stock, in light of the software publisher's latest publication.
The broker has trimmed its 2018 and 2019 EPS estimates (-1%), although sees no adjustment in the consensus. According to Oddo, the acceleration in organic growth in 2019 towards +8% remains the main catalyst for the share.
Copyright (c) 2018 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 mixed organic growth over the third quarter has been offset by a strong guidance for Q4 and management's tone which overall is confident, said the analyst monitoring the stock, in light of the software publisher's latest publication.
The broker has trimmed its 2018 and 2019 EPS estimates (-1%), although sees no adjustment in the consensus. According to Oddo, the acceleration in organic growth in 2019 towards +8% remains the main catalyst for the share.
Copyright (c) 2018 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.