Holcim: share price up, broker in support

(CercleFinance.com) - Holcim gains almost 2% in Zurich as UBS revises upwards the arguments in favor of raising its price target.


The analyst remains neutral on the stock, but has raised his price target to 80 Swiss francs (from 66 Swiss francs), which represents a potential upside of 6%.

' We are moving to a target valuation of CHF 80 per share, which implies limited upside potential', says UBS.

For 2024, the Swiss building materials group is forecasting, among other things, organic sales growth in excess of 4%, over-proportional growth in recurring EBIT and an increase in recurring operating margin to 18%.

Copyright (c) 2024 CercleFinance.com. All rights reserved.