Bubble or no bubble, this is the best stock for AI exposure: analyst
Investing.com - BofA Securities has resumed coverage of Saint Gobain SA (EPA:SGO) (OTC:CODYY) with a Buy rating and a price target of EUR105.00.
The firm’s decision comes after recent underperformance in the stock, which BofA Securities attributes to uncertainties in the French and U.S. markets.
BofA Securities views the current price weakness as overdone, suggesting it presents an attractive entry point for investors interested in the building materials company.
The firm identified three key factors supporting its positive outlook: potential benefits from incremental asset rotation through both acquisitions and disposals, ambitious growth and margin improvement targets set for 2030, and what it considers a very attractive current valuation.
Saint Gobain, a major player in the construction materials sector, has established 2030 targets that focus on both growth expansion and margin enhancement according to the BofA Securities analysis.
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