Goldman Sachs Starts Rockwool at Buy, Sees 21% Upside Potential

Goldman Sachs has initiated coverage on Rockwool with a Buy rating and set a 12-month price target that implies about 21 percent upside from recent levels. This recommendation has caught the attention of investors in the stock market, especially as Rockwool’s valuation had been under pressure following the loss of its Russian assets. Goldman Sachs believes that removing this overhang and Rockwool’s current valuation near trough levels makes it a compelling long-term opportunity.