Morgan Stanley downgraded Sika (SXYAY) to Equal Weight from Overweight with a price target of CHF 193, down from CHF 248. The firm says the company’s growth outperformance versus the construction market “has waned.”
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Read More on SXYAY:
- Cautious Outlook for Sika AG Amidst Margin Protection and Slowing Growth
- Sika price target lowered to CHF 190 from CHF 200 at Citi
- Sika upgraded to Buy from Neutral at Rothschild & Co Redburn
- Sika price target lowered to CHF 183 from CHF 186 at JPMorgan
- Sika price target lowered to CHF 251 from CHF 260 at RBC Capital