Sika initiated with a Buy at Goldman Sachs

Goldman Sachs initiated coverage of Sika (SXYAY) with a Buy rating and CHF 280 price target The firm expects Sika’s top-line growth to revert to its more typical outperformance against its peers in the construction chemicals space, supported by “a pickup in new products and a more constructive EU cycle,” and the analyst believes this re-acceleration in earnings growth can “unlock valuation upside.”