Deutsche Bank cuts Italcementi price target to EUR 6.50

Deutsche Bank cuts Italcementi price target to EUR 6.50
Published: 03 August 2010

Deutsche Bank has revised down to EUR 6.50 from EUR 7.00 the share price target on Italian cement maker Italcementi.

On Friday Italcementi’s board approved the first-half results that showed a consolidated net profit of EUR 81.8 million (USD 107m), down 35.8% on the year.

Italcementi shares closed Friday trading in Milan at EUR 6.28, plunging 3.01%.