Morgan Stanley downgraded Kingspan Group to Underweight from Equal Weight with a price target of EUR 77, up from EUR 75. The analyst says a deceleration in revenue calls into question the stock’s premium multiple. The firm prefers Saint Gobain in light-sides.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KGSPY:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue