(News Bulletin 247) – While maintaining its ‘hold’ opinion on Saint-Gobain, Stifel raises its price target from 48.5 to 51 euros, expecting ‘solid 2022 results this Thursday, beating the consensus and setting a solid outlook for 2023’.
‘2023 will be a test in terms of achievements for the group. Although we hope it can achieve its margin target, we believe it will not be evident until July 2023 at the earliest,’ warns the broker.
‘That said, the short-term volatility linked to the construction of new homes and the weakness of the stock price may offer longer-term investors an entry point into this file of potential revaluation ‘, he nevertheless judges. .
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