Credit Suisse hikes Swiss Holcim’s price target

Credit Suisse hikes Swiss Holcim’s price target
Published: 13 January 2011

Credit Suisse increased today the share price target on Holcim to CHF 64 (EUR49.9) from CHF58 but did not change the "underperform" rating.

Analyst Arnaud Lehmann said that the new share price target was based on the forecasts for 2012.

According to the expert, Holcim’s shares are a "top sell idea" since there are more market-specific risks and fewer promising prospects related to cement prices for Holcim than for some competitors.