Saint-Gobain: the stock rises, an analyst buys


(CercleFinance.com) – The stock increased by almost 1% at the end of the day following the Barclays analysis.

In a note on construction products in Europe, Barclays reaffirms a relative preference for Saint-Gobain, recommended to ‘overweight’, but adjusts its price target from 77 to 76 euros on the title of the French group.

The broker makes little change to its industry forecast for 2023, but reduces its volume expectations for 2024 across the board, and warns that ‘lack of visibility could fuel price/cost doubts’.

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