HSBC downgrades Holcim

HSBC downgrades Holcim
Published: 31 January 2013

Tagged Under: Holcim Switzerland 

HSBC downgrades Holcim to neutral from overweight and raises target to CHF77 from CHF75 on expectations of a recovery in cement company earnings. "Our forecast is reinforced by recent industry trends in the US and emerging markets countries, energy price falls and self-help programs," according to analysts.