LafargeHolcim: Jefferies raises target price

(CercleFinance.com) - While maintaining its "hold" rating on LafargeHolcim shares, Jefferies has increased its corresponding target price from 51.
4 Swiss francs to 57.4 Swiss francs (about its current price), ahead of the building materials group's quarterly results, due out on 23 April.

"We forecast strong lfl growth in EBIT in 1Q20," the broker says, with the group's target for growth in organic operating profit of over 7% for 2021 seeming "very achievable".

"However with meaningful growth already in JEFe, further upside may be constrained," Jefferies says however, calling the stock "inexpensive" but seeing "easier investment cases elsewhere".


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