Dassault Aviation shares rose again on the Paris Bourse on Wednesday, buoyed by favorable comments from Deutsche Bank analysts.

At 9:30 a.m., the aerospace group's shares were up 0.7%, making them one of the biggest gainers on the SBF 120, and bringing their gains since the start of June to 14%.

Deutsche Bank raised its target price for the stock from 200 euros to 209 euros, while maintaining its buy recommendation.

In a note issued this morning, the German bank said that the aircraft manufacturer could be 'cautiously optimistic' when it publishes its half-yearly 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", explains DB, who stresses that any positive surprises could be reflected in the company's free cash flow (FCF).

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