Dassault Systèmes: Feedback from Capital Markets Day: highlighting the value-based approach
SELL, Fair Value EUR63 vs. EUR62 (-6%)
On Friday, Dassault Systèmes hosted a Capital Markets Day at its head office in Vélizy-Villacoublay (France). While 2019 targets remain unchanged, the company highlighted the success of its value-based approach and new opportunities offered by the 3DExperience platform to accelerate growth going forward. Our Sell rating remains unchanged, while we increase our DCF-derived fair value to EUR63 from EUR62 as we update our FX assumptions (stronger JPY).
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