Alstom SA Stock Rating Lowered by Merrill Lynch (ALO)
Alstom SA (EPA:ALO) was downgraded by equities research analysts at Merrill Lynch to a “neutral” rating in a research note issued to investors on Friday, American Banking & Market News reports.
ALO has been the subject of a number of other recent research reports. Analysts at S&P Equity Research raised their price target on shares of Alstom SA from €28.00 ($37.84) to €30.00 ($40.54) in a research note to investors on Friday, November 8th. They now have a “hold” rating on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Alstom SA from €35.00 ($47.30) to €31.00 ($41.89) in a research note to investors on Friday, November 8th. Finally, analysts at Societe Generale cut their price target on shares of Alstom SA from €34.00 ($45.95) to €32.00 ($43.24) in a research note to investors on Tuesday, October 29th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Alstom SA has a consensus rating of “Hold” and a consensus target price of €33.64 ($45.45).
Alstom SA is a France-based company that specializes in the manufacture of transport and energy infrastructure.
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