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Titan Cement upgraded to Hold from Sell at Berenberg

Berenberg analyst Harry Goad upgraded Titan Cement to Hold from Sell with a price target of EUR 17, up from EUR 12. The company’s first half of 2023 were “very strong” and well ahead of expectations, said the firm, which substantially rebased EBITDA forecasts up by 24% on average over 2023 through 2025.

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