Accueil > Actualité
Actualite financiere : Actualite bourse

AkzoNobel: Jefferies upgrades stock

(CercleFinance.com) - Jefferies has upgraded its rating on AkzoNobel shares to "buy" (from "hold") and has increased it corresponding target price to 81 euros (from 77 euros), noting that the stock is trading at a 36% discount in terms of EV/EBITDA to its global peers.


The broker acknowledges that the key challenge for the Dutch paints and coatings supplier "surrounds generating sustainable volume growth in its core end markets".

"However, net positive pricing (vs raw materials) provides significant earnings offsets to further volume declines (especially relative to EU chemical peers)," it points out.


Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.