Holcim: upbeat with broker upgrade

(CercleFinance.com) - Holcim gains almost 2% in Zurich, on the back of favorable comments from Deutsche Bank, which raises its recommendation from 'hold' to 'buy' on the building materials supplier's stock, with a price target raised from CHF 81 to CHF 91.


The broker highlights the company's 'unrivalled position in the North American cement market, of which it is the pre-eminent operator', with a share of around 19% in the USA (a market worth $20 billion according to the broker) and 'probably higher than that in Canada'.

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