0736 GMT - Saint-Gobain shows sustained upside potential to consensus estimates for 2028, Morgan Stanley analysts say in a research note. The French construction-materials company will host its first capital markets day since 2021 early next month, with the main message expected to focus on the evolution of the current strategy, the analysts say. "We expect Saint-Gobain to stick to its 'playbook' of steady organic growth, bolt-on mergers and acquisitions and consistent, but only incremental, margin expansion," they say. Morgan Stanley's base case sees upside to midterm consensus expectations, with an estimate for 2028 EBIT 7% ahead of consensus, they say. Mergers and acquisitions should continue to slowly shift the portfolio towards higher-margin industrial assets, shrinking the company's exposure to Distribution over time, they add. Shares trade 1.9% lower at 90.5 euros. (nina.kienle@wsj.com)

(END) Dow Jones Newswires

September 25, 2025 03:36 ET (07:36 GMT)

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