While lowering its target price from 49 to 47 euros due to lower peer multiples, Oddo BHF reiterates its 'outperform' opinion on Dassault Systèmes, judging that 'risk/reward looks positive ahead of the quarterly publication'.

Ahead of this publication, while the research firm says it understands the market's disappointment since July with the slowdown in Medidata's growth, it considers that the pressure on the share seems excessive.

'The more positive discourse on the fourth quarter could somewhat reassure the market, as could the group's very decent performance in China, despite the lacklustre macro indicators', believes the analyst.

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