Dassault Aviation: Stifel maintains its buy rating

(CercleFinance.com) - Stifel reiterates its 'buy' rating on Dassault Aviation shares, along with its target price of 1,200 euros, following Friday's announcement that Croatia intends to order used Rafales from the French Air Force.


"We view it as a modest positive for the equity story, especially as it would represent a third foreign customer for Rafale (albeit for used aircraft) within 12 months," the broker reacted.

Stifel adds that since the beginning of 2021, the Dassault Aviation's share price has risen by 15% (compared with 11% for the Stoxx A&D index and 15% for the SBF 120 index), with the broker noting that it is still trading at what it considers to be depressed multiples.

The share is currently flat at exactly 1030 euros.


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