Dassault Systèmes: Invest Securities adjusts target price
(CercleFinance.com) - Invest Securities reiterates its "buy" rating on Dassault Systèmes, having trimmed its target price for the share from 126 euros to 124 euros, the day after the group announced the acquisition of IQMS, which is not necessarily what was hoped for, but whose rationale seems to be “relevant”.
Dassault Systèmes wants to strengthen its offering to small and medium-sized businesses by combining Solidworks and IQMS to offer an integrated experience, from design to production, it says.
Note that this acquisition should only contribute +0.01 euro to the group's 2019 EPS, while management has announced that external growth should contribute up to +0.10 euro, the analyst adds, for whom "new acquisitions are therefore expected".
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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.
Dassault Systèmes wants to strengthen its offering to small and medium-sized businesses by combining Solidworks and IQMS to offer an integrated experience, from design to production, it says.
Note that this acquisition should only contribute +0.01 euro to the group's 2019 EPS, while management has announced that external growth should contribute up to +0.10 euro, the analyst adds, for whom "new acquisitions are therefore expected".
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.