Jefferies lowered the firm’s price target on Dassault Systemes (DASTY) to EUR 23 from EUR 24 and keeps an Underperform rating on the shares. The numbers at Dassault “reflect a business in transition,” but it very challenging to assess how long this transition will last and when any inflection will come until the company finds a way to simplify communication and simplify the business model, the analyst tells investors.
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