Alstom: UBS maintains buy rating, cuts target price

(CercleFinance.com) - UBS maintains its “buy” rating on the Alstom stock, while cutting its target price for the share from 48 euros to 45 euros, which suggests upside potential that is estimated at 23% for the share of the French rail equipment manufacturer.


With Alstom's 2019 annual results due to be published on 7 May and a new strategy set to be launched this summer, the broker says that at present it sees a buy opportunity in Alstom shares.


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