In a note on construction products in Europe, Barclays reaffirms a relative preference for Saint-Gobain, recommended at 'overweight', but adjusts its price target from 77 to 76 euros on the French group's stock.

The broker makes few changes to its forecasts for the sector in 2023, but reduces its volume expectations for 2024 in all areas, and warns that 'the lack of visibility could fuel doubts about the price/cost ratio'.

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