Alstom Cut to Neutral at Goldman as Revised GE Offer Accepted
2014-06-23 13:22:05.407 GMT
By Nadine Skoczylas
June 23 (Bloomberg) -- Alstom cut to neutral from
conviction list buy at Goldman Sachs, PT to EU28.5 from EU36.
* Since being added to list on May 2, Alstom down 5.9% vs FTSE
World Europe up 3.1%: GS
* Shares down 2.5% after falling as much as 3.4% earlier today
* Has 4 buys, 12 holds, 5 sells; avg. PT EU30.50 implies
upside of ~12%: Bloomberg data
* NOTE: Alstom may be worth EU32/shr post-GE deal, UBS says
* NOTE: GE prevailed over Siemens counterproposal, initial
French opposition to win Alstom deal
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--With assistance from Joshua Fineman in New York.
To contact the reporter on this story:
Nadine Skoczylas in Jerusalem at +972-2-640-1103 or
nelsibai@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2014-06-23 13:22:05.407 GMT
By Nadine Skoczylas
June 23 (Bloomberg) -- Alstom cut to neutral from
conviction list buy at Goldman Sachs, PT to EU28.5 from EU36.
* Since being added to list on May 2, Alstom down 5.9% vs FTSE
World Europe up 3.1%: GS
* Shares down 2.5% after falling as much as 3.4% earlier today
* Has 4 buys, 12 holds, 5 sells; avg. PT EU30.50 implies
upside of ~12%: Bloomberg data
* NOTE: Alstom may be worth EU32/shr post-GE deal, UBS says
* NOTE: GE prevailed over Siemens counterproposal, initial
French opposition to win Alstom deal
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
--With assistance from Joshua Fineman in New York.
To contact the reporter on this story:
Nadine Skoczylas in Jerusalem at +972-2-640-1103 or
nelsibai@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net