ZURICH (dpa-AFX) - The major Swiss bank UBS has raised its price target for Heidelberg Materials from 86 to 105 euros, but left its rating at "Neutral". The shares of the building materials group continue to be valued low, wrote analyst Gregor Kuglitsch in a study published on Monday. However, it remains to be seen whether the tailwind from rising estimates will be sufficient for share price gains - he believes these are already largely priced in. Possible other drivers would be a boron listing on other trading venues, as with CRH, or the sale of activities, as with Holcim. The long-term price increase would depend on a profitable decarbonization of the company./gl/ajx

Publication of the original study: 15.04.2024 / 06:06 / GMT First dissemination of the original study: 15.04.2024 / 06:06 / GMT

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