Alstom: UBS adjusts target price
(CercleFinance.com) - The analyst believes that the group is on the way to a reassuring forecast.
He maintains neutral recommendation on the stock, nudging up its target price to E20 (from E19).
Alstom has continued to build a track record of promise and achievement with solid H1 results, FCF is above H1 and well above forecasts, and forecasts are confirmed for the fiscal year, UBS says.
For FY 2024/25, Alstom expects organic sales growth of around 5%, an adjusted operating margin of around 6.5% and FCF generation around E300m to E500m.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
He maintains neutral recommendation on the stock, nudging up its target price to E20 (from E19).
Alstom has continued to build a track record of promise and achievement with solid H1 results, FCF is above H1 and well above forecasts, and forecasts are confirmed for the fiscal year, UBS says.
For FY 2024/25, Alstom expects organic sales growth of around 5%, an adjusted operating margin of around 6.5% and FCF generation around E300m to E500m.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.