Unicredit starts HeidelbergCement with “buy”

Unicredit starts HeidelbergCement with “buy”
Published: 16 June 2011

Unicredit has started coverage on the stock of HeidelbergCement with a “buy” recommendation and EUR55.21 share price target.

According to analyst Tessa Guy, big construction companies and building material makers will benefit from the expected strong structural growth in demand in Asia and Central Europe.

HeidelbergCement ranks among the expert’s favourites in view of its growing commitment on emerging markets and positive earnings development. The tense financial situation is only a short-term challenge for the company, Guy said.