Sika: UBS still a buyer
(CercleFinance.com) - UBS confirms its Buy recommendation on the Sika stock, with an unchanged TP of 295 CHF, giving it 37% upside potential.
We expect a continued, albeit gradual, acceleration in volumes and confirmation of EBITDA forecasts, UBS says.
Sika expects 6% to 9% sales growth in local currencies in 2024 and an over-proportional increase in EBITDA.
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