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Dassault Systemes upgraded to Buy from Hold at Berenberg

Dassault Systemes upgraded to Buy from Hold at Berenberg

Berenberg upgraded Dassault Systemes (DASTY) to Buy from Hold with a price target of EUR 44, up from EUR 36. The firm’s research shows there are tailwinds behind the business, which should restore Dassault “to its former state as a high-quality compounder, retain its status as a prized European software asset and demand significantly higher valuation multiples in the process.”

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