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.”
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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