Jefferies deems Geberit key beneficiary of improving investor sentiment

Geberit AG

14/05/2025 08:20

** Jeffries raises Geberit GEBN.S by two notches to 'buy' from 'underperform', citing improving European construction prospects and quality positioning

** The broker notes that Geberit's high exposure to Europe and reputation for quality, including sector-leading margin, returns and FCF, make it a key beneficiary of better construction data and investor sentiment

** "With construction data and corporate commentary increasingly suggesting the worst may be over in Germany and more broadly Europe, sentiment towards Geberit still has scope to meaningfully improve to reflect this", it adds

** Jefferies raises its PT by 90% to CHF 710

** Geberit shares edge up about 1.1% to CHF 591.6

 (Reporting by Daria Bogdanska)

 ((daria.bogdanska@tr.com))