Alstom: Oddo BHF confident - a buyer, but trims target
(CercleFinance.com) - On Wednesday an analyst at Oddo BHF confirmed a "buy" rating on the Alstom share, appreciating robust demand, the group confirming its financial targets and management's very confident comments.
The group offers a sound outlook for growth in both sales and margins in a market that is benefiting from solid growth. The past few years have shown Alstom's solid execution of projects and its ability to make gains in terms of productivity, the broker notes.
However, Oddo BHF has shaved a fraction off its target price for the share, which it has cut from 43.50 euros to 43 euros, due to the revision of the group's FCF (a slight delay in its recovery). Even so, the new target price suggests upside potential of 14%.
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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 group offers a sound outlook for growth in both sales and margins in a market that is benefiting from solid growth. The past few years have shown Alstom's solid execution of projects and its ability to make gains in terms of productivity, the broker notes.
However, Oddo BHF has shaved a fraction off its target price for the share, which it has cut from 43.50 euros to 43 euros, due to the revision of the group's FCF (a slight delay in its recovery). Even so, the new target price suggests upside potential of 14%.
Copyright (c) 2019 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.