Wienerberger price target raised to EUR 45 from EUR 36 at Stifel

Stifel raised the firm’s price target on Wienerberger to EUR 45 from EUR 36 and keeps a Buy rating on the shares. The firm notes Wienerberger is a highly housing, European exposed value stock, which could be the right way to play these themes in 2024. Although the upcoming results may still point to the negatives of this exposure, investors should look through this, Stifel adds. The firm expects housing in the U.S. to lead a recovery in Europe, with easing war concerns in Ukraine fueling incremental demand via falling mortgage rates.