Dassault Aviation price target raised to EUR 348 from EUR 230 at Citi

Citi analyst Charles Armitage raised the firm’s price target on Dassault Aviation (DUAVF) to EUR 348 from EUR 230 and keeps a Buy rating on the shares. Increasing backlog, driven by strong orders, leads the firm to believe that a Rafale production rate of four per month is “sustainable well into the 2030s,” the analyst tells investors. The firm also cites the increasing value of Dassault’s 26.6 % stake in Thales (THLLY).