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


News published on June Friday 7, 2013
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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).  

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