Goldman Sachs Downgrades Alstom On Heels Of GE Offer
Goldman Sachs downgraded shares of Alstom from the Conviction Buy List to Neutral and lowered the price target from €36.00 to €28.50 following the news that the revised General Electric (NYSE: GE) offer was accepted.
The firm noted that Alstom has been down 5.9 percent since being added to the Conviction Buy List. FTSE World Europe is up 3.1 percent from the corresponding time period.
Shares of Alstom fell as much as 4.1 percent in Monday's trading.
Latest Ratings for GE
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | RBC Capital | Maintains | Outperform | |
| Mar 2022 | Credit Suisse | Maintains | Outperform | |
| Feb 2022 | Morgan Stanley | Maintains | Overweight |
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Posted-In: Conviction Buy ListAnalyst Color M&A News Downgrades Price Target Management Analyst Ratings
