Sika: Stifel raises its target price

(CercleFinance.com) - Stifel maintains its buy rating on Sika shares, raising its target price for them from 270 CHF to 300 CHF.


The broker reports that at its CMD Sika confirmed its forecasts for 2024 and its strategic objectives for 2028.

However, the majority of Sika's end markets are facing a difficult business environment, the analyst says, who consequently announces that he has reduced his organic sales growth assumption for FY 2024 from +2.0% to +0.9%, as well as his EBITDA margin assumption from 20% to 19.5%.

Nevertheless, we believe that medium-term growth opportunities more than compensate for short-term headwinds, the broker says.


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