Deutsche Bank announced on Wednesday that it had raised its target price for Dassault Aviation from €200 to €209, while maintaining its buy recommendation on the stock.

In a note released this morning, the German bank explained that the aerospace group could be "cautiously optimistic" when it publishes its half-year results, scheduled for July 20, thanks in particular to the commercial momentum enjoyed by the Rafale.

There is still potential for Dassault to seal new export contracts for the Rafale beyond the two orders we have included in our forecasts", adds DB, who stresses that positive surprises could be reflected in the company's free cash flow (FCF).

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