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The latest announcement is out from Alstom SA ( (FR:ALO) ).
Alstom has secured a 2.0 billion euro contract to supply 316 modern commuter rail cars to New York’s Long Island Rail Road and Metro-North Railroad, with an option for 242 additional cars. This project will replace the oldest commuter cars, enhance passenger experience with modern amenities, and create nearly 300 jobs in upstate New York, boosting the local economy and reinforcing Alstom’s position as a key player in the American rail manufacturing industry.
The most recent analyst rating on (FR:ALO) stock is a Hold with a EUR16.00 price target. To see the full list of analyst forecasts on Alstom SA stock, see the FR:ALO Stock Forecast page.
More about Alstom SA
Alstom is a global leader in smart and sustainable mobility solutions, specializing in the production of rail vehicles and systems. The company focuses on providing innovative and eco-friendly transportation options to enhance urban and intercity travel.
YTD Price Performance: -11.22%
Average Trading Volume: 1,560,057
Technical Sentiment Signal: Sell
Current Market Cap: €8.84B
Find detailed analytics on ALO stock on TipRanks’ Stock Analysis page.