Sika Stifel: maintains its 'buy' recommendation on the share
(CercleFinance.com) - Stifel maintains its 'buy' recommendation on the Sika share, with an unchanged price target of 400 CHF.
The analysts' firm reports that an extraordinary general meeting will be held on 25 January to increase the conditional capital of the company, going from 155,893 to 187,893 CHF.
This conditional capital increase is necessary in order to be able to completely cover the convertible bonds.
Stifel specifies that only 65% of the second convertible bond (for an amount of 1650 million CHF), expiring on 5 June 2025, is currently covered.
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