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barclays upgrades vicat to overweight with increased target price

Barclays has upgraded its recommendation on Vicat shares from 'weighted in line' to 'overweight', raising the target price from €41 to €47. The firm highlights a significant valuation differential with competitors, which it believes is unjustified, despite Vicat's cash flow challenges since 2021. Recent investments in Senegal are expected to improve the situation.

barclays upgrades vicat stock citing attractive valuation and growth potential

Vicat shares surged 3.7% on the Paris Bourse, outperforming the SBF 120 index, after Barclays labeled the stock attractive due to its valuation gap with competitors. The firm upgraded its recommendation from 'weighted in line' to 'overweight' and raised the price target from €41 to €47, citing potential improvements from recent investments in Senegal despite past cash flow struggles.
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