Saint-Gobain: Stifel raises target price

(CercleFinance.com) - Stifel maintains its hold rating on Saint-Gobain shares, although has increased its target price for them from 47.
50 euros to 48.50 euros (closing price just under 46 euros, +0.4%).

The analyst says that 2023 could be when Saint Gobain proves that it has really changed for the better.

The management of the upcoming housing crisis and the completion of recent acquisitions could enable investors to win the ultimate prize: a revaluation, Stifel adds.

Although the stock is undervalued relative to its peers, Stifel recognises its potential, seeing upside in its mid-term scenario - in short, it likes the group's restructuring efforts, strong sustainability and European exposure.


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