HeidelbergCement: UBS raises target price

(CercleFinance.com) - UBS reinstates its "buy" rating on HeidelbergCement shares, having increased its corresponding target price from 83 euros to 86 euros, after the German building materials group announced the sale of assets in the west of the United States.


"We think the disposal is accretive to valuation and shows underlying asset value," the broker summarised, adding that "Now the question shifts to how capital will be allocated".


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