Fly News Breaks for December 16, 2019
HCMLY, BZZFF, HDELY, CRH
Dec 16, 2019 | 07:26 EDT
Barclays analyst Nabil Ahmed downgraded CRH (CRH) to Equal Weight from Overweight with an unchanged price target of EUR 33. Cement has been the best performing sector year-to-date in Europe on a combination of factors that are unlikely to recur in 2020, Ahmed tells investors in a research note. The analyst's analysis of infrastructure spending shows that some slowdown could materialize in the U.S. and Europe next year. As a result, 2020 is looking more challenging for European Cement, contends Ahmed. The analyst this morning also downgraded HeidelbergCement (HDELY) and Buzzi Unicem (BZZFF) to Equal Weight from Overweight while upgrading LafargeHolcim (HCMLY) and Vicat to Overweight.
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