Barclays announced on Monday that it had raised its price target for Saint-Gobain from €87 to €102, highlighting the French building materials giant's growth prospects.

In a research note, Barclays recommends that investors buy the stock, which it sees potentially rising above the €100 threshold.

The research firm points to a combination of favorable factors, including a possible market recovery, improved prices and lower costs, in-house measures and possible acquisitions (M&A) likely to generate synergies.

In its view, the Group could thus be in a position to significantly exceed market forecasts for 2025, even in the absence of a significant upturn in business volumes.

Barclays therefore maintains its 'overweight' recommendation, with strong conviction, on the stock.

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