Bernstein initiated coverage of Saint-Gobain (CODYY) with a Market Perform rating and EUR 100 price target The firm launched coverage on European building materials, with a preference for the extremes. Bernstein prefers the commoditized, extremely localized heavy side due to their high pricing power. It also prefers the “differentiated end” of the light side spectrum, operating in efficient global markets, due to their market expansion potential and pricing power.
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Read More on CODYY:
- Saint-Gobain initiated with a Sector Perform at RBC Capital
- Saint-Gobain price target raised to EUR 110 from EUR 94 at Berenberg
- Saint-Gobain price target lowered to EUR 117 from EUR 120 at JPMorgan
- Saint-Gobain price target lowered to EUR 100 from EUR 101 at Morgan Stanley
- Saint-Gobain price target lowered to EUR 112 from EUR 122 at Barclays