Alstom sinks as J.P. Morgan and CIti downgrade on prolonged margin pressure (ALSMY:OTCMKTS)

Alstom's shares fell to €11.02 before rebounding to €11.22, a 0.81% gain, after a 30.7% drop over a week. The decline followed revised annual targets, with the adjusted EBIT margin falling to 1% and free cash flow expected at -€1.5B. Goldman Sachs and Barclays cut price targets below €10.

Alstom's stock dropped ~5% after J.P. Morgan and Citi downgraded it following a guidance cut due to technical and production issues, including with Coradia products.

Alstom's shares fell 6% after J.P. Morgan and Citi cut ratings, citing persistent margin pressure. The company slashed its full-year guidance, including adjusted core margin (1% vs. 6.5%) and free cash flow (€1.5B outflow). Issues with the Coradia Max project in Germany are the primary cause. Both banks expect delayed cash flow recovery and further earnings downgrades.

Alstom shares dropped 6% after J.P. Morgan and Citi downgraded the company and cut price targets due to a profit warning. J.P. Morgan lowered its target to €15.60, citing earnings cuts, while Citi cut its target to €14. Both banks expect prolonged margin pressure and delayed free cash flow recovery. Alstom guided for a €1.5B free cash flow outflow this year and announced a €2B deleveraging plan.

Alstom's stock fell 9.8% to €10.55, extending a decline after poor first-half results. Adjusted EBIT margin dropped to -4% from 6.4%, and full-year guidance was cut. Analysts downgraded the stock, citing earnings cuts and debt concerns. The company's net debt tripled to €1.1 billion. The stock hit a 52-week low of €10.51.

Alstom shares fell 31% to €10.89 after cutting financial targets and revising its outlook. The company reported €11B in orders, a 3% sales increase, and an adjusted EBIT margin of -4%. CEO Martin Sion plans cost savings and debt reduction. Alstom's Cairo monorail began operating its first phase.