Alstom: Oddo still a buyer
(CercleFinance.com) - Oddo maintains its "outperform" rating on Alstom shares with an unchanged price target of 33 euros.
The broker says that FY 2021/22 results confirm the financial trajectory and remove the risk of a having to make a capital increase.
For example, the CEO confirmed that he sees no sign of a slowdown in tenders or contract signings, Oddo says.
The analyst adds that the group's pipeline remains extremely strong with over 180 billion euros of opportunities identified over the next three years, including 100 billion euros in Europe, particularly relating to the European recovery plan.
The market is very positive too - the Alstom share is currently up 2.8% in Paris.
Copyright (c) 2022 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 broker says that FY 2021/22 results confirm the financial trajectory and remove the risk of a having to make a capital increase.
For example, the CEO confirmed that he sees no sign of a slowdown in tenders or contract signings, Oddo says.
The analyst adds that the group's pipeline remains extremely strong with over 180 billion euros of opportunities identified over the next three years, including 100 billion euros in Europe, particularly relating to the European recovery plan.
The market is very positive too - the Alstom share is currently up 2.8% in Paris.
Copyright (c) 2022 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.