Goldman Sachs analyst Ben Rada Martin downgraded Holcim (HCMLY) to Neutral from Buy with a price target of CHF 80, up from CHF 78. The company’s differentiated strategies around Europe decarbonization, Latam M&A, and cost discipline together should drive outsized earnings growth, but the firm is moving to a neutral stance given the stock’s recent multiple expansion, which leaves scope for further upside more limited, the analyst tells investors in a research note.
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Read More on HCMLY:
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