UBS has maintained a "Neutral" rating for Heidelberg Materials, setting a target price of 121 euros following the announcement of its acquisition of Giant Cement. The US manufacturer is expected to contribute only about 2% to the group's operating result, but the move is seen as a strategic step to enhance the company's presence in the US market.
Heidelberg Materials AG, a leader in cement and building materials, reports its sales distribution: cements (45.5%), ready-mix concrete and asphalt (27.5%), aggregates (18%), and other products (9%). Geographically, the company generates sales primarily from the United States (20.4%), followed by Germany (9%) and the United Kingdom (8.9%).
UBS has maintained a "Neutral" rating for Heidelberg Materials, setting a price target of 106 euros following a recent conference. Analyst Gregor Kuglitsch highlighted the company's cost-cutting program and noted a positive industry environment, with firms enjoying pricing power in the US and Europe.
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