Credit Suisse cuts Lafarge’s share target to EUR 42
Credit Suisse reiterated its "neutral" rating on Lafarge, cutting its share price target to EUR 42 from EUR 48.
The broker pointed out that the consensus expectations of analysts for an improvement in margins on EBITDA in 2011 and 2012 are too optimistic.
Now Credit Suisse prefers companies like HeidelbergCement, which are less exposed to emerging markets and whose cost-cutting efforts are seen to produce results soon. Published under Cement News
