Alstom: Goldman Sachs reiterates buy rating
(CercleFinance.com) - On Thursday Goldman Sachs Equity Research reiterated its "buy" recommendation on the Alstom share, believing that concerns about the rail sector appear to be unjustified.
"While we do acknowledge near-term earnings are likely to be depressed with delays in reaching execution milestones driven by the lockdown... we walk through those worries," the analysts said.
The broker therefore confirms its target price of 47 euros for the share, meaning upside potential of 19.1%.
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