Alstom: Oddo still a buyer before Q4 orders and sales
(CercleFinance.com) - On Tuesday an analyst at Oddo BHF confirms a "buy" rating on the share of the Alstom group, ahead of the publication, in two days' time, of Q4 2019 orders and sales figures.
The group offers a sound growth outlook for both sales and margins in a solid market. The last few years have shown Altstom's execution of projects that is very well controlled, along with its ability to make recurrent gains in productivity, the broker appreciates.
The analyst therfore confirms a target price of 47 euros for the share, which suggests upside potential of 8%.
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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 growth outlook for both sales and margins in a solid market. The last few years have shown Altstom's execution of projects that is very well controlled, along with its ability to make recurrent gains in productivity, the broker appreciates.
The analyst therfore confirms a target price of 47 euros for the share, which suggests upside potential of 8%.
Copyright (c) 2020 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.