0953 GMT - Dassault Systemes is marked to continue underperforming as the French software company remains stuck in a low-growth cycle, Jefferies analysts write. With AI creating potential new entrants, Dassault should work harder to remain front of mind for customers, adding that "low levels of investment are unlikely to help," the analysts say. They add there is little in the macro backdrop to suggest an imminent recovery for Dassault. Jefferies reinstates coverage on the stock with an underperform rating and 16.00 euro price target. Shares are up 0.5% at 21.17 euros but are down 9.5% year to date.