Goldman Sachs initiated coverage of Saint-Gobain (CODYY) with a Neutral rating and EUR 110 price target With margin repair efforts now largely complete, the firm believes that the company is entering the next chapter prioritizing a shift to topline growth and capitalizing on an inflecting European residential cycle, the analyst tells investors in a research note. Goldman Sachs further cites expectations of higher revenue growth driven by cross-selling, structural growth in Construction Chems and European renovation.
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Read More on CODYY:
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- Saint-Gobain price target raised to EUR 110 from EUR 94 at Berenberg
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- Saint-Gobain price target lowered to EUR 100 from EUR 101 at Morgan Stanley