(AOF) – Dassault Systèmes (+2.48% to 38.80 euros) posted one of the strongest increases in the CAC 40 index, galvanized by the increase in recommendation from JPMorgan. The research office moves from Underweight to Overweight and increases its price target from 35 euros to 46 euros. This decision comes as the French technological flagship presented better than expected third quarter results last week. The research firm judges that the risk-return ratio is attractive while the consensus is lower than the company’s medium-term objectives.
It also highlights its discount of around 10% compared to its peers, knowing that historically Dassault Systèmes displays a premium of around 10%. The broker also appreciates the improvement in the trajectory of licenses in the third quarter, the return of large contracts, its balance sheet situation, etc.
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