Credit Suisse cuts Italcementi share price

Credit Suisse cuts Italcementi share price
Published: 02 September 2011

Credit Suisse (CS) has revised down to EUR5.00 from EUR7.00 the share price target on Italian cement maker Italcementi, keeping the "neutral" rating.

The analysts revised their coverage on the construction material sector, also decreasing the share price target on Buzzi Unicem to EUR 6.00 from EUR 12.00 and cutting the rating to "neutral" from "outperform".

Meanwhile, CS revised down to "neutral" from "outperform" the stock rating on fellow-Italian cement maker Buzzi Unicem.