Saint-Gobain: Oddo maintains Buy rating
(CercleFinance.com) - Oddo BHF maintains its buy rating on Saint-Gobain shares, with a target price of 41 euros (15% upside).
This positive stance comes after an interview with the Minister of Housing with the Journal du Dimanche, explaining that in 2021 and 2022, 2 billion euros will be allocated to private housing and 500 million euros to social housing, as part of the renovation stimulus plan.
The Pinel scheme and the interest-free loan will also be extended until the end of 2021 before a new scheme in 2022.
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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.
This positive stance comes after an interview with the Minister of Housing with the Journal du Dimanche, explaining that in 2021 and 2022, 2 billion euros will be allocated to private housing and 500 million euros to social housing, as part of the renovation stimulus plan.
The Pinel scheme and the interest-free loan will also be extended until the end of 2021 before a new scheme in 2022.
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.