Dassault Systèmes is one of the SBF 120's biggest decliners on Tuesday morning on the Paris Bourse, with the software maker's stock penalized by a note from Deutsche Bank lowering its forecast for the group.

In a note, the broker says it expects 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 offset by the slower-than-expected recovery of the life sciences and healthcare businesses.

Deutsche is therefore reducing its earnings forecast for the first quarter, as for the full 2024 financial year, by 1%, and is lowering its price target from €55 to €52.

The broker nevertheless remains Buy on the stock.

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