Deutsche Bank downgraded Saint-Gobain (CODYY) to Hold from Buy with a price target of EUR 96, up from EUR 95. The firm sees a “stable macro outlook” into 2025 for the European building materials sector, though notes the higher rates seen since August will likely delay the recovery of new build, particularly housing. The firm adjusted ratings as part of a 2025 outlook.
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Read More on CODYY:
- Saint-Gobain price target raised to EUR 82 from EUR 74 at Berenberg
- Saint-Gobain price target raised to EUR 114 from EUR 111 at JPMorgan
- Saint-Gobain price target raised to EUR 95 from EUR 91 at Morgan Stanley
- Saint-Gobain price target raised to EUR 95 from EUR 86 at Deutsche Bank
- Saint-Gobain price target raised to EUR 105 from EUR 100 at Barclays
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