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ubs raises price target for heidelberg materials shares to 128 euros

UBS has maintained a "Neutral" rating for Heidelberg Materials while raising its price target from €121 to €128. The stock fell 1.1% to €126.20, indicating a potential upside of 1.43%. Analyst Gregor Kuglitsch highlighted CRH, Buzzi, and Kingspan as top picks for 2025 in the building materials sector.

banking sector consolidation amid economic challenges and shifting market dynamics

In December 2024, the Italian equity market faced challenges, with the FTSEMIB down 3.2% amid disappointing corporate forecasts and geopolitical shifts following Trump's election. Mergers and acquisitions in the banking sector accelerated, particularly with UniCredit's moves on Commerzbank and Banco BPM, while European economic growth showed signs of weakness, prompting cautious investment strategies focused on utilities and select financial stocks.
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