Dassault Systemes price target lowered to EUR 28 from EUR 29 at Jefferies

Jefferies lowered the firm’s price target on Dassault Systemes to EUR 28 from EUR 29 and keeps an Underperform rating on the shares. Q2 results “merely highlight a 4Q24 weighting and continued pressure on cash flow,” argues the analyst, who contends that “the share price decline has hardly touched the valuation multiple.”