Goldman Sachs downgraded Alstom (ALSMY) to Sell from Neutral with a price target of EUR 18.50, up from EUR 18. The company’s strong outperformance in 2024 will be difficult to sustain in 2025 as rail capex is growing below the sector average, while the share price seems to have already priced in all company targets are at least met, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALSMY:
- Alstom price target raised to EUR 25 from EUR 22 at Deutsche Bank
- Alstom price target raised to EUR 26 from EUR 22 at Citi
- Alstom price target raised to EUR 24.80 from EUR 21.80 at JPMorgan
- Alstom price target raised to EUR 22 from EUR 21 at Deutsche Bank
- Alstom Reports Strong Growth and Strategic Progress