LafargeHolcim: Deutsche Bank maintains 'Hold' rating
(CercleFinance.com) - While maintaining its "hold" rating on the share of the Franco-Swiss cement maker LafargeHolcim, which will publish its quarterly accounts on 25 October, Deutsche Bank has shaved one Swiss franc off its target price from 52 Swiss francs to 51 Swiss francs.
Analysts expect the group to report recurring EBITDA of 1,815 million Swiss francs (excluding IFRS 16) for the third quarter, up 4.4% like-for-like. They also expect negative FX effect of 100 million Swiss francs over the quarter, mainly due to Latin America and Africa and the Middle East.
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