HeidelbergCement: UBS adjusts target price

(CercleFinance.com) - UBS reinstates its "buy" rating on the HeidelbergCement share, having increased its corresponding target price from 71.
5 euros to 73 euros, the day after the German building materials group published its annual results.

"Initial outlook for 2021 is more optimistic than we thought but we keep estimates broadly unchanged," the broker says, also judging "We think there is value on 6x EV/EBITDA".


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