Vicat: Bryan Garnier remains a buyer; ups target price

(CercleFinance.com) - Bryan Garnier has reinstated its "buy" recommendation on Vicat and has raised its fair value for the share from 71 euros to 75 euros, seeing it as "a decent investment opportunity, despite the forex impact and lasting uncertainties in some countries.


"Visibility on Turkey is very low but the core French and US market, and to a lesser extent, India remain buoyant, while we estimate the Egyptian situation could hardly be worse," the broker said.

According to Bryan Garnier, the building materials group is now in a position to and make another acquisition. "Although the group has made no specific commitments, a deal would be well received by the market," it said.


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