LN) "makes compelling financial and strategic sense." Rates at buy, calling it "extremely cheap post BPB" with estimated 20% discount to sector. Says the acquisition "adds a high quality, structural growth product", and is "also likely to lead to the disposal of Saint-Gobain's non-core group businesses." Shares +0.9% to EUR48.80.
Deutsche Bank lifts Compagnie de Saint-Gobain (12500.FR) price target to EUR60 from EUR56, says the agreed deal to buy BPB (BPB.
2005-11-28T12:00:00Deutsche Bank Lifts Saint-Gobain Target glassonweb.com