(CercleFinance.com) – In view of Geberit’s fourth quarter activity point, UBS reaffirms its ‘buy’ recommendation and its target price of 555 Swiss francs, representing an upside potential of 12%, on the title of sanitary ware manufacturer.
“The consensus seems slightly too aggressive on the data in organic, but statements regarding the outlook and comments on the destocking cycle will be more important on the day of the results”, estimates the broker, who sees an “accelerated destocking to come”.
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