Societe Generale Downgrades Dassault Systemes To Hold, Increased Price Target Is Fully Priced At Current Levels

Societe Generale analyst Derric Marcon downgraded Dassault Systemes SE (OTC:DASTY) to Hold from Buy with a price target of €46, up from €45.40, implying a 0.1% upside.
Marcon acknowledged the solid fundamentals but dismissed the shares as fully priced at current levels post the Q2 results.
Price action: DASTY shares closed lower by 0.51% at $54.66 on Thursday.