Saint-Gobain: in the red on a broker downgrade

(CercleFinance.com) - Against the trend in Paris, Saint-Gobain has lost 1% under the weight of a downgrade by UBS from 'buy' to 'neutral', with a price target adjusted from 91 to 92 euros, on the building materials group's shares.


In the summary of its research note, the broker explains that it is downgrading its position on the dossier after a solid revaluation of the share in both absolute and relative terms, believing that "earnings momentum could remain moderate".

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