Oddo BHF maintains its Outperform rating on Dassault Aviation shares, with a price target raised from 205 to 214 euros.

Last night, Dassault Aviation published half-year earnings 9% below Oddo BHF's expectations in terms of operating income, and 2% below the VA consensus, mainly due to a shift in deliveries to the 2nd half of 2023.

This slight disappointment on H1 2023 EBIT is largely offset by the confirmation of the guidance of 35 Falcon and 15 Rafale deliveries over 2023 as a whole, with a strong concentration on H2, as well as by financial income well above our expectations", adds the analyst.

Following this publication, Oddo BHF is therefore raising its EPS guidance for 2023/24/25 by 9.9%/8.3%/8.6% respectively.

Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.