Stadler Rail AG : Trough of the wave now behind us: rating upgraded to Buy
>Group once again harbours upside - After several profit warnings and a logically weak H1, but no worse than expected, we think that the group is now set to move on to an uptrend: we are forecasting slight sales growth as of H2 2020e, then more marked growth in 2021e thanks to a record backlog of CHFÂ 16.8bn. Despite the COVID-19 impact, services rose by 29% in H1, which is rare in the sector, and will likely increase their weight in the coming years. We are therefore...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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