Sika Lowered to Sector Perform as RBC Flags 'Transition Year' for Swiss Group

11:11 PM EST, 12/08/2025 (MT Newswires) -- RBC Capital Markets on Monday lowered its rating on Sika (SIKA.SW) to sector perform with a price target of 184 francs as it banks on 2026 as being "a transition year" for the building materials group. The Swiss stock was rated outperform with a price target of 235 francs back in late October. "The Group should outperform its respective construction chemicals end-markets, though we don't foresee a market-based recovery until H2'26, with downside risk to 2026 APAC estimates. That said, we forecast EBITDA growth of 7%, in line with the sector, supported by margin expansion. In our view, meaningful re-rating vs the sector will require i) successful progress of the Fast forward program, ii) signs of a Chinese construction recovery," analysts said.