GS starts Rockwool at 'buy' as 'Russia overhang removed'

Rockwool A/S

20/01/2026 09:36

** Goldman Sachs starts coverage of Danish stone wool products maker Rockwool ROCKb.CO with "buy" rating, saying the loss of Russian assets removes a key overhang

** The broker notes the stock's recent 8% drop since the news creates an "attractive" entry point, but acknowledges its positive view may be early

** Valuation at trough multiples offers a "margin of safety" ahead of a new capital expenditure wave lasting until 2028, GS says

** Brokerage expects a re-acceleration of growth excluding Russia, helped by the firm's high European residential exposure and expanding gross margins

** Out of the 18 analysts covering the stock, eight rate it "strong buy" or "buy", eight "hold", and two "sell" or "strong sell" -LSEG data

 (Reporting by Vera Dvorakova)

 ((vera.dvorakova@thomsonreuters.com))