Alstom: Oddo maintains buy rating after 'ambitious' targets
(CercleFinance.com) - An analyst at Oddo BHF today says that he is maintaining his "buy" recommendation on Alstom share price, after aknowledging the group's 2022/2023 financial targets, which he considers "ambitious" and "above expectations".
Oddo BHF therefore confirms its target price of 44.50 euros for the share, meaning upside potential of 7%.
The broker appreciates that the group has sound prospects for growth in both sales and margins in a market that remains upbeat that is growing. The past few years have shown the Alstom's strong execution of projects and its ability to make gains in productivity - it now expects these sustained developments to continue.
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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.
Oddo BHF therefore confirms its target price of 44.50 euros for the share, meaning upside potential of 7%.
The broker appreciates that the group has sound prospects for growth in both sales and margins in a market that remains upbeat that is growing. The past few years have shown the Alstom's strong execution of projects and its ability to make gains in productivity - it now expects these sustained developments to continue.
Copyright (c) 2019 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.