(CercleFinance.com) – AkzoNobel gains nearly 1% in Amsterdam, helped by UBS which raises its recommendation from ‘neutral’ to ‘buy’ and raises its price target from 85 to 100 euros on the title of the supplier of paints and protective coatings.
“Volume erosion concerns are overblown and prices/commodities are turning positive,” the broker notes, adding that the stock “offers EBIT growth of 14% per year through 2025 and a return free cash flow of 8% in 2023′.
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