Centrobanca cuts Cementir rating, price target

Centrobanca cuts Cementir rating, price target
Published: 09 November 2010

Brokerage Centrobanca cut its share price target on Italian cement maker Cementir Holding to EUR2.54 from EUR 2.80, also lowering the rating to "hold" from "buy".

Cementir reported last week a 27.4% drop in the nine-month pre-tax profit and a 33.7% slump in the third-quarter pre-tax profit.