Sika downgraded to Sector Perform from Outperform at RBC Capital

RBC Capital downgraded Sika (SXYAY) to Sector Perform from Outperform with a price target of CHF 184, down from CHF 235. The firm adjusted ratings in the global building materials group as part of its 2026 outlook. RBC epacts companies who are overweight U.S. infrastructure and with self-help stories to outperform in 2026. Share outperformance will likely require acquisitions, self-help and an overweight exposure to infrastructure, the analyst tells investors in a research note. It downgraded Amrize, Heidelberg and Sika, saying the outlook for U.S. cement volumes “remains subdued.”