CARMAT : Invest Securities remains Buy, lowers its target
Dilution was, in part, integrated into our model, which is fully diluted by the overall requirement, but the fall in the share price since the last update (-29%) means that total financing is mechanically more dilutive", it adds.
Despite low financial visibility for the artificial heart designer, the research department nevertheless believes that the inflection point for growth has been passed, with gradual market penetration to come.
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