UBS AG has maintained a "Neutral" rating for Heidelberg Materials, setting a target price of 121 euros following the acquisition of Giant Cement, which contributes only 2% to the company's EBITDA. Analyst Gregor Kuglitsch views the purchase as a strategic move to enhance the company's presence in the U.S. market.As of 11:03 am, Heidelberg Materials shares rose 1.1% to EUR 119.10, indicating a potential upside of 1.60%. The stock has surged 51.7% in 2024, with Q4 2024 results expected on March 25, 2025.