Deutsche Bank announced on Tuesday that it had lowered its price target for Dassault Systèmes from €55 to €52, while maintaining its buy recommendation on the stock.

In a note, the broker said it expected a difficult start to the year for the industrial software specialist, which will publish its first-quarter results on April 25.

In its view, the good performance of the automotive-related businesses and the '3DExperience' platform is currently being offset by the slower-than-expected recovery of the life sciences and healthcare businesses.

The broker is therefore reducing its earnings forecast for the first quarter, as for the full year 2024, by 1%.

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