HeidelbergCement: Barclays on 'underweight', adjusts target
(CercleFinance.com) - Barclays confirms its 'underweight' recommendation on HeidelbergCement, adjusting the price target from 43 to 41 euros, in a more general note on certain European construction materials manufacturers.
“We expect further progress in pricing, but the quarter to show a steeper decline in volumes, particularly in Europe”, says the broker, talking about the sector as a whole.
“Geo- and product-mixes are likely to remain key differentiators” continued Barclays, reaffirming its relative preference for CRH.
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