Alstom reported a mixed close to FY22/23, with the full year performance largely in line with the guidance but the mid-term targets getting postponed by a year. Citing uncertain macroeconomic environment, the management pushed the FY24/25 sales and profitability targets out to FY25/26. While the consensus was already below the previous guidance, the postponement of the timeline confirms the street’s conservative view on the group’s earnings. No wonder the share price reacted negatively (-2.4% at ....