(CercleFinance.com) – Stifel is keeping its recommendation to Hold on Saint-Gobain shares, but is revising its price target upwards, from 47.50E to 48.50E.
‘2023 could be the year when Saint Gobain proves that it has truly changed for the better,’ the analyst believes.
“Managing the coming housing crisis and completing recent acquisitions could allow investors to win the ultimate prize: a revaluation,” Stifel continues.
Although the share value is ‘relatively low compared to its peers’, Stifel recognizes a potential reclassification. ‘We see an upside in our mid-cycle scenario and we appreciate the group’s restructuring efforts, its strong sustainability and its European exposure’, concludes the analyst.
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