Jefferies lowered the firm’s price target on Dassault Systemes to EUR 29 from EUR 30 and keeps an Underperform rating on the shares. The firm has been receiving investor questions about whether the Q2 profits warning is a clearing event, but it argues that a second half-weighted year that requires 10%-11% growth in Q4 is “far from de-risked” and remains cautious until “numbers feel fully reset,” the analyst stated.
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