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).
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