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UBS raises Heidelberg Materials price target while maintaining neutral rating

UBS has increased its price target for Heidelberg Materials from 155 to 173 euros while maintaining a "Neutral" rating. Analyst Gregor Kuglitsch anticipates a subdued start to the financial year for the company, noting that the first quarter is typically less significant. Adjustments in his valuation model reflect downward changes for North American operations and upward revisions for other regions, particularly highlighting the German infrastructure program.

UBS raises Heidelberg Materials price target while maintaining neutral rating

UBS has increased its price target for Heidelberg Materials from 128 to 155 euros while maintaining a "Neutral" rating. Analyst Gregor Kuglitsch noted that the opportunities and risks for the building materials manufacturer appear balanced, especially considering the stronger sector valuation.

financial updates on major companies and market trends in 2024

Wienerberger will release its financial figures for 2024 on February 13, 2025, while Diageo denies reports of selling Guinness. UltraTech Cement is in talks to acquire HeidelbergCement India, and ProSiebenSat.1 faces leadership changes amid shareholder conflicts. Ryanair's growth is hindered by Boeing's delivery issues, and merger talks between SGS and Bureau Veritas have ended.

UBS raises Heidelberg Materials price target while maintaining neutral rating

UBS has increased its price target for Heidelberg Materials from 121 to 128 euros while maintaining a "Neutral" rating. Analyst Gregor Kuglitsch highlighted that although the shares present opportunities, significant upside potential at the current price level remains uncertain. The bank's top picks in the building materials sector for 2025 include CRH, Buzzi, and Kingspan.

UBS maintains neutral rating on Heidelberg Materials following Giant Cement acquisition

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.
11:28 28.11.2024

ubs maintains neutral rating on heidelberg materials amid diverse product sales

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%).
07:59 20.11.2024

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

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.
11:40 14.11.2024
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