Morgan Stanley analyst Axel Stasse downgraded Wienerberger (WBRBY) to Equal Weight from Overweight with an unchanged price target of EUR 35. The firm says the construction market backdrop remains lackluster with no earnings upside revision to be seen near term.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WBRBY:
- Wienerberger AG Reports Resilient Performance Amid Market Challenges
- Wienerberger AG: Positioned for Recovery with Strong Valuation and Market Resilience
- WBRBY Upcoming Earnings Report: What to Expect?
- Wienerberger downgraded to Neutral from Buy at UBS
- Wienerberger AG Positioned for Growth Amid European Housing Market Recovery
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue