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.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CODYY:
- Saint-Gobain initiated with a Market Perform at Bernstein
- 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