JPM still leans towards 'heavy' names in European building materials; ups Buzzi, Sika
J.P.Morgan continues to favor the "heavyside" sub-sector among European building materials, though notes its outpeformance over the "lightside" names might moderate
In its latest review, it upgrades Italy's Buzzi BZU.MI to "overweight", which rises around 6%, and maintains Germany's Heidelberg HEIG.DE as its top pick
JPM cites cheaper valuation for Buzzi compared to sector staples like Heidelberg and Holcim HOLN.S, and high exposure to Germany
In the "lightside" space it upgrades Sika SIKA.S to "neutral" citing the stock's underperformance
France's Saint-Gobain SGOB.PA remains JPM's key "lightside" pick as it flags valuation upside on strategy execution and an upcoming volume increase
COMPANY | RATING | OLD RATING | PT | OLD PT |
|---|---|---|---|---|
BUZZI BZU.MI | Overweight | Neutral | 54 EUR/Shr | 45 EUR/Shr |
SIKA SIKA.S | Neutral | Underweight | 186 CHF/Shr | - |
HEIDELBERG HEIG.DE | Overweight | - | 235 EUR/Shr | 217 EUR/Shr |
HOLCIM HOLN.S | Overweight | - | 75 CHF/Shr | 70 CHF/Shr |
SAINT-GOBAIN SGOB.PA | Overweight | - | 115 EUR/Shr | - |
Related Articles
Tesla Stock Outlook: Competing With Rivian, Robotaxi Potential, and 2026 Prospects
There is much conversation about the prospect of investing in Tesla (TSLA) as we move closer to 2026. The volatility of its share price in 2025 is leading many investors to consider if they should purchase shares of Tesla given the alternatives available in terms of electric vehicles (Rivian, etc.).
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 market
