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Dassault Systemes price target lowered to EUR 28 from EUR 31 at Jefferies

Jefferies analyst Charles Brennan lowered the firm’s price target on Dassault Systemes (DASTY) to EUR 28 from EUR 31 and keeps an Underperform rating on the shares. Q1 results missed the mid point of guidance for the fifth time in six quarters while unchanged fiscal year guidance implies accelerating growth into hardening comps, the analyst tells investors.

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