Saint gobain: Morgan Stanley moves to ‘overweight’

[ad_1]

(CercleFinance.com) – Morgan Stanley on Friday raised its recommendation on Saint-Gobain stock from ‘weight online’ to ‘overweight’, welcoming the restructuring carried out by the building materials specialist.

In a research note, the financial intermediary believes that the success of the ‘Transform and Grow’ strategic plan implemented by the French group has enabled it to lay the foundations for its future growth.

The analyst highlights now reduced costs, a simplified organization, the disposal of non-performing activities and the priority given to the generation of cash flow.

In addition to these elements, Morgan Stanley mentions market share gains, combined with the support of favorable trends such as the renovation of buildings and the rise of lightweight structures.

To make matters worse, he points out, the stock price has recently devalued.

‘The securities are cheap (with a PER of less than 10) and offer long-term exposure to the theme of accelerating energy renovation against a background of decarbonization, which presents attractive opportunities in terms of growth and revaluation ‘, he concludes.

Its target price of 73 euros shows an upside potential of 33%.

Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute a decision-making aid for investors. The responsibility of Cercle Finance cannot be held directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional adviser before any investment. This indicative information does not in any way constitute an incitement to sell or a solicitation to buy.

Are you following this action?

Receive all the information about SAINT GOBAIN in real time:


[ad_2]

Source link -84