Morgan Stanley upgraded Holcim (HCMLY) to Overweight from Equal Weight with a price target of CHF 55, down from CHF 97, post the spin-out of Amrize. The firm says cash conversion, balance sheet optionality, and the company’s decarbonization leadership will drive margins and new revenue verticals.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HCMLY:
- 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!
- Holcim price target raised to CHF 97 from CHF 93 at Morgan Stanley