NEW YORK (dpa-AFX Broker) - The analyst firm Jefferies has raised its price target for Heidelberg Materials from 109.10 to 120.00 euros and left its rating at "Buy". In view of bad weather and fewer working days, volumes at the Heidelberg building materials group are also unlikely to

volumes in the first quarter are unlikely to inspire confidence, analyst Glynis Johnson wrote in a study published on Thursday. It is probably still too early to expect signals from management for higher forecasts for the year as a whole. However, at 8 times the profit expected for 2024, the expert sees further upside for the share price, especially as falling energy costs in the second quarter should have a positive impact on profitability./ajx/la

Publication of the original study: 10.04.2024 / 22:04 / ET

First publication of the original study: 10.04.2024 / 22:04 / ET

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