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Holcim upgraded to Buy from Hold at Jefferies

Jefferies upgraded Holcim (HCMLY) to Buy from Hold with a price target of CHF 65, down from CHF 97.70. With a meaningful exposure to both a cyclical recovery in European construction and structural growth from decarbonization, Holcim is now well positioned “to capture upside from these big-picture themes,” the analyst tells investors in a research note.

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