Jefferies confirms its Buy recommendation on the share, with a price target of E65, ahead of the publication of results for fiscal 2022 (February 23).

' We expect 4Q22 results to show similar trends to 3Q22 (resistance in energy renovation, weakness in new construction)' says the analyst firm.

' Although we expect the outlook for FY23 to be more cautious, management will continue to express confidence in medium- and long-term growth ' adds Jefferies.

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