Alstom: Invest Securities ups target price.
(CercleFinance.com) - Maintaining its "buy" rating on Alstom, Invest Securities has raised its target price for the stock from 34 euros to 35 euros in a report published this Monday morning.
This increase follows the group's publication of a turnover and of strong orders in the first quarter.
The group's order backlog of 34 billion euros still offers good visibility in both the short and medium term," the broker points out, while the group has reiterated its guidance for 2020, which underpins the broker's estimates.
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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.
This increase follows the group's publication of a turnover and of strong orders in the first quarter.
The group's order backlog of 34 billion euros still offers good visibility in both the short and medium term," the broker points out, while the group has reiterated its guidance for 2020, which underpins the broker's estimates.
Copyright (c) 2017 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.