HeidelbergCement: Berenberg starts coverage with 'buy'
(CercleFinance.com) - Berenberg has started coverage of the HeidelbergCement share with a "buy" rating and a target price of 92 euros, as the German broker has initiated the coverage of eight US and European major building materials stocks.
"HeidelbergCement looks to be good value and should benefit from a better year in the US and Indonesia as capacity additions are finished," the broker said in the note.
The Berenberg share is currently down 1.1% at 68.3 euros.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"HeidelbergCement looks to be good value and should benefit from a better year in the US and Indonesia as capacity additions are finished," the broker said in the note.
The Berenberg share is currently down 1.1% at 68.3 euros.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.