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Investing.com - CFRA has raised its price target on Alstom SA (EPA:ALO) to EUR25.00 from EUR23.00 while maintaining a Hold rating on the stock.
The price target increase reflects a 16.3x forward P/E on FY27 (March) EPS, which aligns with Alstom ’s 10-year average P/E multiple, according to CFRA.
Alstom recently secured a EUR470 million contract to deliver 55 Traxx Hauler electric locomotives to Ukrainian Railways, with financing from the European Bank for Reconstruction and Development (EUR300 million) and the World Bank (EUR190 million).
The dual-voltage locomotives will be manufactured at Alstom’s Belfort facility in France, with deliveries scheduled to begin in 2027.
CFRA maintained its earnings estimates for Alstom at EUR1.35 per share for FY26 and EUR1.54 for FY27, noting that while the contract is positive, the extended delivery timeline limits near-term earnings impact.
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