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Alstom: Invest Securities still 'neutral'.

(CercleFinance.com) - On Wednesday Invest Securities confirmed its "neutral" rating on the Alstom stock, along with its target price of 36 euros, the day after the group published interim results that were above expectations, beyond a decline in the flow of orders.

"In particular, Free cash flow (FCF) remained high, despite the rise in capex which will increase in the second half in South Africa and India, ahead of our estimates," said the analyst.

Even so, the rebound - which is justified in his opinion - of the stock yesterday (+3.4%) limits the stock's short-term potential and justifies why the broker is maintaining its rating, Invest Securities believes, which has also looked at the case of the creation of the new group Siemens Alstom.

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