(CercleFinance.com) – UBS reiterates its ‘buy’ recommendation on Saint-Gobain with a price target lowered from 70 to 57 euros, a new target which leaves a potential upside of 31% for the action of the French supplier of materials of construction.
In the summary of its research note, the broker explains ‘reassessing the risk-reward ratio in the context of a weaker macroeconomic outlook and the impending energy crisis in Europe’.
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