(News Bulletin 247) – Barclays reaffirms its ‘underweight’ recommendation on HeidelbergCement with an adjusted price target of 43 to 41 euros, in a more general note relating to certain European suppliers of building materials.

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“We expect further progress in prices, but the quarter should show a sharper decline in volumes, especially in Europe,” warns the broker at the level of the entire sector.

‘The mixes in terms of geographical presence and type of products are likely to remain key differentiators’, continues Barclays, which reaffirms its relative preference for CRH.

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