JP Morgan ups Holcim price target on US outlook, risks remain

JP Morgan ups Holcim price target on US outlook, risks remain
Published: 21 May 2012

Tagged Under: Holcim USA India 

JPMorgan raises Holcim's price target to CHF56.50 from CHF55.20 due to optimism on the outlook for the private building sector in the US. "Much better volumes in cement and great weather has provided some hope for the sector," says analyst Michael Morris. Still "risks remain in India, where Holcim is most exposed," he notes.