JPMorgan analyst Elodie Rall resumed coverage of Holcim (HCMLY) with an Overweight rating and CHF 65 price target The shares screening positively compared to Swiss peers at a 52% discount with a more attractive dividend, the analyst tells investors in a research note. The firm sees the stock’s valuation as supportive for European cement stocks in general.
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Read More on HCMLY:
- Holcim upgraded to Overweight from Equal Weight at Morgan Stanley
- Holcim: A Buy Rating Backed by Strong Cash Generation, Decarbonization Leadership, and Strategic Growth Opportunities
- Holcim price target raised to CHF 99 from CHF 95 at RBC Capital
- Holcim upgraded to Overweight from Underweight at Barclays
- Holcim Ltd Unsponsored ADR (HCMLY) Announces Q2 Dividend: Save the Dates!