(Finance) – Barclays confirmed the recommendation Overweight and increased to 47 euros per share (from 42 euros, +12%) the target price up Buzzia company listed on Euronext Milan and active in the production of cement.
The revision came as part of a report on the European sector, in which analysts say they expect a solid fourth quarterwith limited weather disruptions and solid pricing trends, but believe the price/cost expectations headwind has increased for fiscal 2025, given the challenging volume outlook.
With shares up 37% since the start of Q4, Barclays moved from Overweight to Equal Weight on the German Heidelberg Materialswith a risk/reward ratio that seems more reasonable. Upgrades to Overweight from Equal Weight for the Frenchwoman Vicatwith stocks have lagged behind EM demand risk and leveraged balance sheet, and see this level as an entry opportunity.