Deutsche Bank downgraded Saint-Gobain (CODYY) to Hold from Buy with a price target of EUR 96, up from EUR 95. The firm sees a “stable macro outlook” into 2025 for the European building materials sector, though notes the higher rates seen since August will likely delay the recovery of new build, particularly housing. The firm adjusted ratings as part of a 2025 outlook.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CODYY:
- Saint-Gobain price target raised to EUR 82 from EUR 74 at Berenberg
- Saint-Gobain price target raised to EUR 114 from EUR 111 at JPMorgan
- Saint-Gobain price target raised to EUR 95 from EUR 91 at Morgan Stanley
- Saint-Gobain price target raised to EUR 95 from EUR 86 at Deutsche Bank
- Saint-Gobain price target raised to EUR 105 from EUR 100 at Barclays