UBS maintains neutral rating for Heidelberg Materials with price target of 106 euros

Heidelberg Materials has been given a "Neutral" rating by UBS, with a price target of 106 euros, following a recent conference.

Discussions with investor relations representatives about the company's cost-cutting program were highlighted by analyst Gregor Kuglitsch. The analyst expressed optimism about the industry environment, noting that companies in the sector are experiencing pricing power in both the US and European markets. This reflects a broader confidence in the cement manufacturing industry amid ongoing economic developments.

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