Merrill Lynch cuts Italcementi price target to EUR 8.60

Merrill Lynch cuts Italcementi price target to EUR 8.60
Published: 21 January 2010

Bank of AmericaMerrill Lynch has lowered the share price target on Italian cement producer and distributor Italcementi SpA to EUR 8.60 from EUR 9.40.

Italcementi shares closed Tuesday trading on the Milan stock exchange at EUR 9.76, dipping 1.16%.