Geberit: UBS still a seller, but ups target
(CercleFinance.com) - UBS confirms its "sell" rating on the Geberit share, with a higher target price of 355 Swiss francs, vs.
330 Swiss francs, which means downside potential of 17% for the share of the Swiss manufacturer of sanitary systems.
After the group's trading u for its first quarter, the broker has raised its EPS estimates for Geberit by 2%-5%, but maintain its "sell" rating on the stock due to its valuation, which is considered high, while European construction markets are slowing down.
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