HSBC lifts Lafarge price target, upgrades Heidelberg

HSBC lifts Lafarge price target, upgrades Heidelberg
Published: 02 April 2012

Tagged Under: Lafarge HeidelbergCement 

HSBC has lifted the share price target of Lafarge to EUR 37 from EUR 27 and reiterated its "neutral" recommendation.

The broker considers that the construction sector is recovering from the consequences of the economic crisis.

At the same time, HSBC upgraded HeidelbergCement AG to "overweight" from "neutral", as it sees the company to keep performing well. (Source: SeeNews France)