Analyst Chloe Lemaire from Jefferies maintained a Buy rating on Dassault Aviation and keeping the price target at €390.00.
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Chloe Lemaire’s rating is based on several key factors influencing Dassault Aviation’s performance. The company is expected to maintain a stable adjusted EBIT in the first half of the year, driven by increased deliveries of the Rafale aircraft. This suggests a strong operational performance despite challenges in the Falcon segment, where the Falcon 6X is still progressing through its learning curve.
Moreover, the company experienced a significant free cash flow in the first half of 2024 due to advance payments, which is anticipated to stabilize to a more moderate level in the first half of 2025. This financial stability, coupled with the anticipated ramp-up in deliveries in the second half of the year, supports the positive outlook and the Buy rating given by Chloe Lemaire.
In another report released on July 4, Citi also maintained a Buy rating on the stock with a €348.00 price target.