Morgan Stanley Remains a Buy on Sika AG (SIKA)
Morgan Stanley analyst Cedar Ekblom maintained a Buy rating on Sika AG (SIKA – Research Report) yesterday and set a price target of CHF257.00. The company's shares closed yesterday at CHF219.90.
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Ekblom covers the Industrials sector, focusing on stocks such as Sika AG, A.P. Moeller Maersk A/S, and Buzzi SpA. According to TipRanks, Ekblom has an average return of 5.3% and a 56.60% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sika AG with a CHF246.78 average price target, which is a 12.22% upside from current levels. In a report released on June 18, Goldman Sachs also initiated coverage with a Buy rating on the stock with a CHF280.00 price target.
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