Holcim: UBS raises target price

(CercleFinance.com) - UBS presents arguments in favour of raising its price target.


While remaining neutral on the stock, the analyst raises his price target for it to 80 CHF (from 66 CHF), representing just 6% upside potential.

UBS says that it has adopted a target valuation of 80 CHF per share, which reprents limited upside potential.

For 2024, the Swiss building materials group forecasts, amongst other things, organic sales growth of over 4%, over-proportional growth in recurring EBIT, with its recurring operating margin rising to 18%.


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