Dassault Aviation: Oddo raises target price
(CercleFinance.com) - Oddo maintains its "outperform" recommendation on Dassault Aviation shares and has raised its price target price from 1215 euros to 1325 euros.
Dassault Aviation will benefit from a very dynamic momentum over the next few months with a highly probable improvement in liquidity, progress in military campaigns and the expected rebound in Falcon orders, the analyst says.
The broker reports that in defense, campaigns are underway, representing a potential of over 400 Rafales planes, which could lead to Dassault Aviation stepping up its production rate to three aircraft per month.
In addition, a "notable inflection" is expected on the Falcon, Oddo continues. While the broker believes that 2021 will be a low point in terms of deliveries for the aircraft, he says that the horizon is obviously clearing up.
Dassault Aviation is THE value stock in the Aerospace/Defense sector, the research firm concluded.
The market seems to agree - the share is currently up almost 2%.
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