Barclays upgraded SIG Group to Equal Weight from Underweight with an unchanged price target of CHF 18. The forestry companies are using a small number of market transactions to value their substantial forest assets, which is risky, the analyst tells investors in a research note. However, the firm sees SIG as fairly valued.
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Read More on SCBGF:
- SIG Group price target lowered to CHF 24 from CHF 26 at Berenberg
- SIG Group downgraded to Underperform from Neutral at Exane BNP Paribas
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