Cement News tagged under: JPMorgan Cazenove

RSS feed

JPMorgan Raises Holcim To Overweight

20 September 2012, Published under Cement News

JPMorgan Cazenove raises Holcim to overweight from neutral and lifts its price target to CHF70 from CHF56.50 on the notion that the 2Q uptick in emerging market margins could be the start of a longer run for cement sales in those markets. "Its emerging markets business is seeing margins on the turn driven by rising prices, less new capacity and relatively stable energy costs," says analyst Michael Morris. "Its portfolio gives it better access to Asia and Latin America which in the near term ...