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.

Chinese mill arrives at Votorantim's Salto de Pirapora plant
Votorantim's cement factory in Salto de Pirapora (SP) has received a new cement mill that will b...