Barclays downgrades its recommendation on Vicat from 'overweight' to 'weight in line', with an adjusted price target of €42 to €41, in a sector note on European cement makers.

"We believe that better pricing power is here to stay, and that there is still much to be done to increase margins as energy costs fall", the broker judges at sector level.

Volumes will be moderate, but we think this is less important than in previous cycles, when players are more rational and valuations are attractive", he continues, nevertheless favoring Heidelberg Materials and Buzzi.

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