Alstom: Oddo still a buyer, raising forecasts
(CercleFinance.com) - Alstom has posted a "very solid" performance in the first half of 2020, Oddo says, with its sales expected to reach 7.
7 billion euros in March 2021, in line with its guidelines.
For the next year, the analyst expects revenue growth of 13%, especially as the group's order book is at a high level (40 billion euros).
Oddo therefore maintains its buy rating on the stock, although has trimmed its corresponding target price to 52 euros (from 55 euros previously), detaching the subscription right (2.90 euros) from the share's value.
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.
7 billion euros in March 2021, in line with its guidelines.
For the next year, the analyst expects revenue growth of 13%, especially as the group's order book is at a high level (40 billion euros).
Oddo therefore maintains its buy rating on the stock, although has trimmed its corresponding target price to 52 euros (from 55 euros previously), detaching the subscription right (2.90 euros) from the share's value.
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.