Saint-Gobain: Oddo BHF still a buyer, but cuts target price
(CercleFinance.com) - Oddo BHF reinstates its "buy" rating on the Saint-Gobain share, while reducing its target price from 42 euros to 27 euros, which still gives the share upside potential of 51%.
While it acknowledges that the coronavirus shock has become a major financial shock, with an economic scenario that has changed from orange to bright red, the broker highlights Saint-Gobain's solid balance sheet and two factors that it can adjust - its dividend and Sika.
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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.
While it acknowledges that the coronavirus shock has become a major financial shock, with an economic scenario that has changed from orange to bright red, the broker highlights Saint-Gobain's solid balance sheet and two factors that it can adjust - its dividend and Sika.
Copyright (c) 2020 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.