Deutsche Bank raises Holcim share target

Deutsche Bank raises Holcim share target
Published: 20 December 2011

Deutsche Bank today lifted the share price target on Holcim to CHF50 from CHF48 and maintained its "hold" recommendation.

The share price target is being adjusted on the perspectives for the cement market for the 2012-2015 period as well as on the recent currency changes, analyst Luis Prieto Bartolome wrote in a study.

In 2012, sector companies are expected to face difficulties resulting from over-capacities and the margins are seen remaining under pressure, the analyst said.

However, thanks to its business in the emerging markets, Holcim is geographically well positioned and its share is currently with a fair value, the analyst added.