Stadler Rail AG : We have downgraded our recommendation to Neutral in the face of disappointing forecasts for 2020
>A long and costly transition - We have downgraded the stock after what could be considered the third profit warning since September 2019, implying a recurring downward revision to the consensus forecast for EPS. Granted Stadler is a group with a reputation for its expertise and products in the market and an order book of CHFÂ 15.0bn, but its initial target to double sales whilst maintaining an EBIT margin of at least 7.5% has definitively not been met. Execution issue...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.