ING promotes Italy’s Buzzi Unicem stock to “buy”

ING promotes Italy’s Buzzi Unicem stock to “buy”
Published: 21 April 2010

Analysts at ING upgraded on Wednesday the stock rating on Italy’s Buzzi Unicem to “buy” from “hold.”

At the start of the week, brokerage Equita forecast a EUR51m loss for Buzzi Unicem in the first quarter of 2010 with EBITDA in decline by EUR55m to EUR19m, and a 12 per cent yearly drop in turnover to EUR514m.