Saint-Gobain: UBS downgrades stock

(CercleFinance.com) - UBS has downgraded its recommendation on Saint-Gobain from 'buy' to 'neutral' while nudging up its target price from E91 to E92, now reresenting 9% upside potential for the French building materials group's shares.


In its summary, the broker explains that it is downgrading the stock after its solid revaluation in both absolute and relative terms, believing that earnings momentum could remain moderate.


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