Jefferies lowered the firm’s price target on Dassault Systemes to EUR 32 from EUR 33 and keeps an Underperform rating on the shares following what the firm identifies as “another cash flow miss,” which brings “contracting structures front and center to the investment case again.” As cash conversion rebases lower, the firm questions why Dassault should trade at a premium to other software companies that are delivering faster, more predictable growth.
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Read More on DASTY:
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- Dassault Systèmes: Filing of the 2023 Universal Registration Document
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