HeidelbergCement: shares lifted by broker upgrade.

(CercleFinance.com) - Shares in HeidelbergCement are currently up 0.
8% at 81.5 euros, outperforming Germany's blue-chip DAX index (+0.5%), thanks to an upgraded rating from Barclays Capital.

BarCap has upped its stance on the German cement maker to "overweight" with a higher target price of 94 euros.

The broker thinks the stock has become "too cheap to ignore," trading at a 20% discount to its sector.

Barclays says it believes that operational performances are likely to improve from now on, and expects the group's growth to be the strongest in its sector.



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