Barclays upgraded Holcim (HCMLY) to Overweight from Underweight with a price target of CHF 109, up from CHF 84. The stock’s relative de-rating looks overdone and the upcoming spin-off “could be a clearing event,” the analyst tells investors in a research note.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HCMLY:
- Holcim Ltd Unsponsored ADR (HCMLY) Announces Q2 Dividend: Save the Dates!
- Holcim price target raised to CHF 97 from CHF 93 at Morgan Stanley
- Holcim initiated with an Outperform at Bernstein
- Holcim price target lowered to CHF 93 from CHF 97 at Morgan Stanley
- Holcim price target lowered to CHF 95 from CHF 103 at RBC Capital