Sika falls after Bank of America resumes coverage with 'underperform'

** Shares of the Swiss speciality chemicals maker Sika SIKA are down 3.55% after Bank of America restarted coverage with "underperform"

** Furthermore, Barclays lowered its target price to CHF 170 from CHF 176

** Barclays points to weaknesses in underlying end-markets and expects cost-saving effects from a structural changes program, including up to 1,500 job cuts, to likely become "more visible towards the later years of the plan"

** Therefore, the analyst revises its EBITDA projections for 2025/2026 downwards by 3%

** Sika also reported a drop in nine-month sales on Friday

** Shares of Sika are the top faller of the Swiss main index SMI

** SIKA is down 21.46% YTD