Alstom: UBS adjusts target price

(CercleFinance.com) - The analyst believes that the group is on the way to a reassuring forecast.
He maintains neutral recommendation on the stock, nudging up its target price to E20 (from E19).

Alstom has continued to build a track record of promise and achievement with solid H1 results, FCF is above H1 and well above forecasts, and forecasts are confirmed for the fiscal year, UBS says.

For FY 2024/25, Alstom expects organic sales growth of around 5%, an adjusted operating margin of around 6.5% and FCF generation around E300m to E500m.


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