AkzoNobel: UBS still a buyer, adjusts target price

(CercleFinance.com) - UBS reaffirms its buy recommendation on the AkzoNobel share, having trimmed its corresponding target price from 88 euros to 85 euros, which gives the Dutch plaster and paint supplier upside potential of 10%.


"Further price/mix improvements & cost cutting drives a 26% and 20% increase in EBIT in 2019 & 2020," the broker says, which considers the share's "Valuation justified by EBIT growth and FCF improvement."


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