Sika: Oddo initiates coverage as a buyer
(CercleFinance.com) - Oddo BHF has initiated its coverage of Sika shares with an "outperform" rating and a target price of 270 Swiss francs, believing that this undisputed leader in construction chemicals has a unique, resilient and innovative business model.
By integrating a deteriorated sector scenario for 2023, Sika is the only company that the broker tracks in its domain that is able to maintain its earnings thanks to scope effects, the analyst points out.
The broker also highlights the stock's poor market performance in 2022, with it therefore considering that the current underperformance constitutes a unique opportunity for investors to increase their exposure to the Swiss group.
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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.
By integrating a deteriorated sector scenario for 2023, Sika is the only company that the broker tracks in its domain that is able to maintain its earnings thanks to scope effects, the analyst points out.
The broker also highlights the stock's poor market performance in 2022, with it therefore considering that the current underperformance constitutes a unique opportunity for investors to increase their exposure to the Swiss group.
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.