Sika: Oddo BHF confident for 2024
(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating and price target of 320 Swiss francs on Sika, believing that the Swiss chemical company should do well in 2024 in an economic environment that is 'slowly recovering'.
Sika is the only company in our sample of building materials stocks to report EBIT growth of 15%, thanks to base effects and the completion of the MBCC integration, the analyst points out.
Seeing the integration of MBCC as a definite growth driver for 2024, Oddo BHF believes that Sika will remain a choice option for investors looking to build up a long-term position, and will benefit from megatrends in building chemistry.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Sika is the only company in our sample of building materials stocks to report EBIT growth of 15%, thanks to base effects and the completion of the MBCC integration, the analyst points out.
Seeing the integration of MBCC as a definite growth driver for 2024, Oddo BHF believes that Sika will remain a choice option for investors looking to build up a long-term position, and will benefit from megatrends in building chemistry.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.