Alstom: UBS still a buyer, but cuts TP
(CercleFinance.com) - UBS maintains its "buy" rating on Alstom shares, albeit reducing its target price for them from E37 to E33.
5, with its new target price still giving the the French transport equipment manufacturer's stock upside potential of 30%.
"Despite cutting our margins estimates we see good progress on cash flows and a healing balance sheet," the broker said, for which this improving balance sheet "outshines a longer path to margin targets".
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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.
5, with its new target price still giving the the French transport equipment manufacturer's stock upside potential of 30%.
"Despite cutting our margins estimates we see good progress on cash flows and a healing balance sheet," the broker said, for which this improving balance sheet "outshines a longer path to margin targets".
Copyright (c) 2023 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.