LafargeHolcim: Barclays upgrades stock
(CercleFinance.com) - Barclays has upgraded its rating on the LafargeHolcim share from weight in line to overweight, while raisinng its target price raised from 54 Swiss francs to 61 Swiss francs, in a report on the European building materials sector.
In its report, Barclays says, "Management has made significant progress on fixing the balance sheet, and we like the improving FCF conversion, lower reliance on Europe/US and possible transformation story".
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