Bryan, Garnier & Co publishes a new Independent Research Report on Saint Gobain

BUY vs. NEUTRAL,FV EUR40 vs. EUR32

News published on June Friday 7, 2013
Share on

A glass half full…


We are taking a more aggressive stance on the share and have upgraded our recommendation from Neutral to Buy. Since the beginning of the year, the Saint-Gobain share has shouldered the deepest decline in our sample, dropping 4% relative to the DJ STOXX Construction Materials. We are forecasting a recovery in earnings as of H2 2013. If this scenario materialise, we believe that Saint-Gobain would be obliged to implement radical measures (asset sales and additional cost cutting moves).  


Full report available to subscribers
Please contact marketing@bryangarnier.fr  

The Essentials

Everything you need to know about investment banking dedicated to growth
Stay Informed
Get our news
Join our Team
Bryan, Garnier & Co is always looking for talent in all our divisions, at all levels
Explore our opportunities