Saint-Gobain: Morgan Stanley upgrades to buy
(CercleFinance.com) - Morgan Stanley has upgraded its rating on the Saint-Gobain share to buy ("outperform"), against a previous neutral stance "weight in line".
The broker has raised its corresponding target price from 37.5 euros to 42 euros.
Essentially, analysts believe that the Saint-Gobain share enables investors to play attractive end-markets a good regional footprint, coupled with margins that should be suported by organisational restructuring.
"Moreover, it is finally delivering on targets, which should support a re-rating," the note says.
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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.
The broker has raised its corresponding target price from 37.5 euros to 42 euros.
Essentially, analysts believe that the Saint-Gobain share enables investors to play attractive end-markets a good regional footprint, coupled with margins that should be suported by organisational restructuring.
"Moreover, it is finally delivering on targets, which should support a re-rating," the note says.
Copyright (c) 2019 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.