Alstom Shares Are Still Attractive Despite Bouygues's Move: UBS -- Market Talk
September 12 2019 - 5:50AM
Dow Jones News
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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