Alstom: UBS still on hold
(CercleFinance.com) - For H1 2025, the analyst believes that Alstom is on track to improve its margins and free cash flow.
UBS confirms its neutral rating on the stock, with a target price of E19, representing just 2% upside potential.
It sees Alstom making progress towards its targets, and notably FCF, where it expects to see -E350m in H1 2025, compared with -E300m to -E500m announced, UBS says.
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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 information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
UBS confirms its neutral rating on the stock, with a target price of E19, representing just 2% upside potential.
It sees Alstom making progress towards its targets, and notably FCF, where it expects to see -E350m in H1 2025, compared with -E300m to -E500m announced, UBS says.
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.