Jefferies analyst Charles Brennan raised the firm’s price target on Dassault Systemes (DASTY) to EUR 420 from EUR 400 and keeps a Buy rating on the shares. 2026 shows no easing of geopolitical tensions, and while the Iran conflict seems to be de-escalating, instability could remain going forward, the analyst tells investors in a research note, also adding that no meaningful steps towards the conclusion of the Russia-Ukraine conflict have been taken, which continues to delay the needed restocking in Europe. The derating in land defense names is overdone, Jefferies stated.
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