June 10, 2026 04:01 AM GMT Wienerberger AG | Europe Earnings Risk - Downgrade to Underweight | What's Changed | | | | --- | --- | --- | | Wienerberger AG (WBSV.VI) | From | To | | Price Target | €29.00 | €23.00 | | Rating | Equal-weight | Underweight | We downgrade Wienerberger to Underweight given exposure to new-build resi market which faces long-term structural challenges in Europe and weak pricing power. While the business is stronger than pre-GFC, a resi construction recovery is needed to unlock meanin ...