Bernstein raised the firm’s price target on Holcim (HCMLY) to CHF 80 from CHF 70 and keeps an Outperform rating on the shares. The firm has turned more positive on the building materials space following the Q2 reports. The heavy side business models showing resilience despite soft construction trends in the U.S., the analyst tells investors in a research note.
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Read More on HCMLY:
- Holcim initiated with a Buy at Goldman Sachs
- Holcim price target raised to CHF 75 from CHF 60 at Morgan Stanley
- Holcim price target raised to CHF 70 from CHF 65 at JPMorgan
- Holcim price target raised to CHF 60 from CHF 55 at Berenberg
- Holcim price target raised to CHF 60 from CHF 55 at Morgan Stanley