(CercleFinance.com) – UBS remains neutral on the stock and confirms its price target of 520 Swiss francs, which represents a potential decline of -2%.
‘A year of stagnant organic growth, higher taxes and slightly lower margins suggest a slight decline in FY24E EPS. Volumes will probably be negative in the first quarter to come,’ indicates UBS.
Geberit expects the construction sector to continue to decline this year, pointing to macroeconomic conditions and geopolitical risks.
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