Sika: Stifel raises its price target on the stock

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(CercleFinance.com) – Stifel maintains its buy rating on Sika shares with a price target raised from 270 to 300 CHF.

The broker reports that during its CMD (investor day) Sika confirmed its forecasts for the 2024 financial year and its strategic objectives for the 2028 financial year.

‘However, the majority of Sika’s end markets face a difficult commercial environment,’ indicates the analyst who, as a result, announces reducing its organic sales growth assumption for the 2024 financial year from +2.0% to + 0.9%, as well as its EBITDA margin assumption of 20% to 19.5%.

Nevertheless, ‘we believe that medium-term growth opportunities (largely) offset short-term headwinds’, underlines the analysis office.

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