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UBS has raised its target price for Alstom from 19 to 20 euros while maintaining a "Neutral" rating. Analyst Andre Kukhnin noted that the train manufacturer is on track for more predictable results, supported by solid half-year performance and improved free cash flow estimates. Alstom's net sales are primarily derived from rolling stock, railway services, signaling systems, and infrastructure, with significant revenue from Europe and the Americas.
UBS has adjusted its price target for Alstom to €20 from €19, maintaining a neutral recommendation. The company reported solid first-half results, with free cash flow exceeding forecasts, and confirmed its fiscal year projections, anticipating around 5% organic sales growth and an adjusted operating margin of approximately 6.5% for 2024/25. Free cash flow generation is expected to range between €300 million and €500 million.
UBS has adjusted its price target for Alstom to €20 from €19, maintaining a neutral recommendation. The company reported strong first-half results, exceeding forecasts, and confirmed its full-year guidance, expecting organic sales growth of around 5%, an adjusted operating margin of 6.5%, and free cash flow of €300 to €500 million for fiscal year 2024/25.
UBS has adjusted its price target for Alstom to €20 from €19, maintaining a neutral recommendation. The company reported strong first-half results, with free cash flow exceeding forecasts, and confirmed its guidance for fiscal year 2024/25, expecting organic sales growth of around 5%, an adjusted operating margin of approximately 6.5%, and free cash flow generation between €300 million and €500 million.
UBS has adjusted its price target for Alstom, as reported by Cercle Finance and published by BOURSORAMA. The analysis is provided for informational purposes only, with BOURSORAMA acting solely as a distribution channel and maintaining a conflict of interest management policy to ensure objectivity.
European markets are set for a positive opening, with the U.K.’s FTSE 100 expected to rise 36 points, Germany’s DAX up 38 points, France’s CAC gaining 11 points, and Italy’s FTSE MIB increasing by 68 points. Investors are focused on U.S. inflation data, with economists predicting a 0.2% increase in the consumer price index for October, which could influence the Federal Reserve's interest rate decisions. Earnings reports are anticipated from several major companies, including ABN Amro, RWE, and Allianz.
Kazakhstan's Prime Minister Olzhas Bektenov met with leaders from railway, healthcare, and agriculture sectors to discuss investment opportunities. Alstom plans to invest €50 million in railway maintenance centers, while GE HealthCare aims to localize production of diagnostic equipment. In agriculture, Fufeng Group proposed a $300-350 million project for deep corn processing, creating 1,000 jobs and enhancing agricultural output.
Alstom SA
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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