Dassault Systemes price target lowered to EUR 23 from EUR 24 at Jefferies

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.