BofA Moves Sika to Neutral, Lifts Price Target on Oil Tailwinds and Data‑centre Demand
BofA Securities upgraded Sika AG to neutral from underperform and increased its price target to 170 Swiss francs from 122 Swiss francs, citing an end to the earnings downgrade cycle, lower margin risk from falling oil prices, and improving regional volume trends including stronger data centre activity in the U.S. The broker raised 2026-28 EBIT esti…