(CercleFinance.com) – Dassault Aviation lost nearly 1% this Friday on the Paris Stock Exchange, suffering some profit-taking which did not prevent it from posting an impressive stock market surge of nearly 67% over the entire market. year 2022.
The stock has continued to set new highs on the stock market this year, thanks to solid financial results and new contract wins.
Bernstein initiated monitoring of the stock in mid-November with an ‘outperformance’ opinion and a target price of 190 euros.
In a research note, the intermediary pointed out that the two engines behind the group’s stock market performance both have solid prospects.
‘Dassault Aviation offers investors a rare opportunity to expose themselves to a value essentially linked to defence, and yet driven by two programs: the Rafale military aircraft and the Falcon business jet’, had underlined the analyst.
Bernstein recalled that the Rafale order book is full until 2030, solely on the basis of contracts received, but that an upside potential could well come from the arrival of new orders.
As for business jets, activity is proving to be “particularly solid” at the present time despite the threat of a recession, with demand continuing to greatly exceed available supply,” the office added. ‘analyzes.
For Bernstein, Dassault Aviation therefore represents a ‘well-positioned’ stock to take advantage of the current environment.
JPMorgan had also put forward a certain number of buoyant elements, such as the good prospects for the defense market, but also the planned recovery of the Falcon business jet as well as a balance sheet structure deemed “extremely solid”.
Oddo BHF had also reiterated its ‘outperformance’ opinion on Dassault Aviation at the end of October and had adjusted its price target from 175 to 170 euros, ‘solely to reflect the new market parameters (risk-free rate and risk premium)’.
Copyright (c) 2022 CercleFinance.com. All rights reserved.