Millennium Investment Banking cuts Cimpor price target

Millennium Investment Banking cuts Cimpor price target
Published: 04 April 2011

Millennium Investment Banking has cut its price target for Cimpor from EUR7.20 to EUR6.80. The investment house recommends "buy " for Cimpor.



Analyst John Matthew explains that the review comes after the investment house changed "the estimates and the method of calculation of capital costs" of Cimpor.



"The major impacts come from the business areas of Brazil and Turkey, " while the market with the most negative impact is Portugal, according to a research note published today.