(CercleFinance.com) – Barclays reiterates its ‘overweight’ recommendation on Vicat with a price target raised from 27 to 29 euros, after its participation in a roadshow in London with the management of the French building materials group.
‘Without denying the headwinds in the short term, we feel that areas of hidden value and optionality remain largely neglected’, says the broker, judging that ‘the action remains a deep value’.
Barclays lowers its estimates for Vicat after the warning issued during the third quarter activity update, but raises its target on the stock due to the recent revaluation of peers.
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