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ALO Alstom

17.11
1.47 (9.36%)
09 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Alstom EU:ALO Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.47 9.36% 17.11 16.715 17.12 17.295 14.50 14.655 5,192,395 02:01:11

Alstom Shares Are Still Attractive Despite Bouygues's Move: UBS -- Market Talk

12/09/2019 10:50am

Dow Jones News


Alstom (EU:ALO)
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Shares in French train maker Alstom dropped after its biggest shareholder, Bouygues, sold a 13% stake in the company. However, the move doesn't come as a surprise to UBS, whose view on Alstom's stock remains positive. "This has long been awaited by investors, and doesn't preclude our positive view on Alstom's shares, which continue to be supported by strong rolling stock, signaling and services fundamentals, as well as a strong set company targets," the banks says. UBS maintains its buy rating on the company. Alstom's shares are down 5.1% at EUR37.36. (olivia.bugault@dowjones.com)

 

(END) Dow Jones Newswires

September 12, 2019 05:35 ET (09:35 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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