Saint Gobain: UBS raises its target price

(CercleFinance.com) - UBS confirms its Buy recommendation on the share, raising its target price for it to E91 (from E83).
The new TP represents 12% upside potential.

"The re-rating story has started to play out, but we think it has a bit further to go", UBS says.

We expect solid operating performance, largely in line with the company's communications, it adds.

In a geopolitical and macroeconomic environment that remains difficult, Saint-Gobain is targeting a double-digit operating margin in 2024, for the fourth consecutive year, Saint Gobain management said.


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