Analysts at Nomura have lowered the share price target on Italian cement maker Buzzi Unicem to EUR12.50 from EUR14.
Last week Buzzi Unicem reported that its turnover declined by 24.1% last year to €2,671.8m. EBITDA fell by 41.3% to €541.7m and the trading profit was down by 53.7% to €323.0m.
