Stadler Rail

Stadler Rail AG. Stadler Rail AG is a Switzerland-based company engaged in design and manufacturing of rail vehicles. The Company's product portfolio includes suburban and regional transport trains, light rail vehicles, trams, high-speed and intercity trains, city transport vehicles, locomotives, passenger trains and tailor-made vehicles. The Company serves customers worldwide.
  • TickerSRAIL
  • ISINCH0002178181
  • ExchangeSix Swiss Exchange
  • SectorIndustrial Engineering
  • CountrySwitzerland
Alfred Glaser ...
  • Delphine Brault

ODDO : Focus on construction: the day after - which stocks to favour when we exit the crisis?

We see the capacity to reignite growth quickly, both in organic terms and via acquisitions, as a key differentiating factor for the stocks in the sector, The main themes (energy efficiency, health in buildings) will be favoured, as will exposure to China. We favour Assa Abloy. Our preference also goes to KONE and Schneider Electric on which we are revising up our recommendations to Buy. We are lowering our recommendation to Neutral on Schindler. - >Capacity to reignite gr...

Alfred Glaser ...
  • Delphine Brault

ODDO : Focus Construction : le jour d’après … quelles valeurs en sortie de crise ?

La capacité des groupes à réamorcer la croissance rapidement sera, selon nous, un facteur de différenciation clé, tant en organique que par les acquisitions. Par ailleurs, des grands thèmes (efficacité énergétique, hygiène dans les bâtiments) seront privilégiés, tout comme l’exposition Chine. Nous privilégions Assa Abloy ainsi que KONE et Schneider Electric dont nous relevons nos recommandations à l'Achat et abaissons à Neutre notre recommandation sur Schindler. - >La cap...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert

ODDO BHF Small & MIDCAP MORNING NEWS - 04/08/2020

While the collapse in our groups' activity is fairly uniform (-70% to -90%), we believe that the pace of recovery will be much faster for motorway concessions and construction than for airports. This is not reflected in share price performances. We are downgrading Fraport to Reduce (target price € 41) and we remain on Reduce for ADP (target price € 100). We prefer Vinci (€ 85) and Eiffage (€ 86). - Cf. report published today. - ...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert

ODDO BHF Small & MIDCAP MORNING NEWS - 08/04/2020

...

Alfred Glaser ...
  • Delphine Brault

Stadler Rail AG : Prévisions un peu réduites avec la crise du COVID-19 : Stadler résiste plutôt bien

>Une fabrication seulement un peu ralentie - Stadler continue à fabriquer dans toutes ses usines, et notamment à Bussnang en Suisse, ainsi qu’en Pologne (Siedlce) et en Hongrie. La seule exception est Valence en Espagne (état d’urgence sanitaire national). Le mix géographique favorable avec environ 40% du CA en Suisse, Allemagne et Autriche et des ventes importantes au RU et en Scandinavie ont permis la poursuite de la fabrication et des livraisons auprès de nombreux...

Alfred Glaser ...
  • Delphine Brault

ODDO : Focus on construction: the day after - which stocks to favour when we exit the crisis?

We see the capacity to reignite growth quickly, both in organic terms and via acquisitions, as a key differentiating factor for the stocks in the sector, The main themes (energy efficiency, health in buildings) will be favoured, as will exposure to China. We favour Assa Abloy. Our preference also goes to KONE and Schneider Electric on which we are revising up our recommendations to Buy. We are lowering our recommendation to Neutral on Schindler. - >Capacity to reignite gr...

Alfred Glaser ...
  • Delphine Brault

ODDO : Focus Construction : le jour d’après … quelles valeurs en sortie de crise ?

La capacité des groupes à réamorcer la croissance rapidement sera, selon nous, un facteur de différenciation clé, tant en organique que par les acquisitions. Par ailleurs, des grands thèmes (efficacité énergétique, hygiène dans les bâtiments) seront privilégiés, tout comme l’exposition Chine. Nous privilégions Assa Abloy ainsi que KONE et Schneider Electric dont nous relevons nos recommandations à l'Achat et abaissons à Neutre notre recommandation sur Schindler. - >La cap...

Alfred Glaser ...
  • Delphine Brault

Stadler Rail AG : Prévisions un peu réduites avec la crise du COVID-19 : Stadler résiste plutôt bien

>Une fabrication seulement un peu ralentie - Stadler continue à fabriquer dans toutes ses usines, et notamment à Bussnang en Suisse, ainsi qu’en Pologne (Siedlce) et en Hongrie. La seule exception est Valence en Espagne (état d’urgence sanitaire national). Le mix géographique favorable avec environ 40% du CA en Suisse, Allemagne et Autriche et des ventes importantes au RU et en Scandinavie ont permis la poursuite de la fabrication et des livraisons auprès de nombreux...

Alfred Glaser ...
  • Delphine Brault

Stadler Rail AG : Forecasts marginally reduced with the COVID-19 crisis: Stadler showing relatively good resilience

>Production slowed only slightly - Stadler continues to manufacture in all its plants, including Bussnang in Switzerland, as well as in Poland (Siedlce) and Hungary. The only exception is Valencia in Spain (national state of emergency on the health front). The favourable geographic mix with around 40% of sales in Switzerland, Germany and Austria and strong sales in the UK and Scandinavia have facilitated the continuation of manufacturing and deliveries to many clients...

Alfred Glaser ...
  • Delphine Brault

ODDO : Significant downward revisions in this cyclical sector. Uncertainty related to its mid/late-cycle aspects

>Companies only factoring in the impact of China at this stage... - In light of recent road shows and contact with various companies on a number of occasions, it is clear that the groups in the sector are currently holding to what they can see, i.e. the impact in China in Q1. Some, for instance Schneider Electric and Schindler, have actually quantified this impact. But most of the comments date back to the publication of the full-year results around mid-February and t...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert

ODDO BHF Small & MIDCAP MORNING NEWS - 04/08/2020

While the collapse in our groups' activity is fairly uniform (-70% to -90%), we believe that the pace of recovery will be much faster for motorway concessions and construction than for airports. This is not reflected in share price performances. We are downgrading Fraport to Reduce (target price € 41) and we remain on Reduce for ADP (target price € 100). We prefer Vinci (€ 85) and Eiffage (€ 86). - Cf. report published today. - ...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert

ODDO BHF Small & MIDCAP MORNING NEWS - 08/04/2020

...

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Anis Zgaya
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Oussema Denguir
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 03/24/2020

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Baptiste Lebacq
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean-François Granjon
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Samantha Jeary
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/24/2020

...

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Anis Zgaya
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Oussema Denguir

ODDO BHF Small & MIDCAP MORNING NEWS - 24/03/2020

...

STADLER RAIL AG reduced its risk exposure resulting in an upgrade to Slightly Positive

STADLER RAIL AG (CH), a company active in the Commercial Vehicles & Trucks industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date March 13, 2020, the closing price was CHF 39.74 and its potential was estimated at CHF 51.84.

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