Deutsche Bank picks Heidelberg, Holcim on stable fundamentals
Deutsche Bank picks Heidelberg Materials HEIG.DE, Holcim HOLN.S as "top picks" in building materials sector
Cites resilient fundamentals across 11 key countries, notes Ukraine ceasefire would boost sentiment further
Decarbonisation remains a structural tailwind, with cement producer margins continuing to expand
HEIG doubled since November 2024 on German stimulus; DB hikes PT to 267 euros ($311.06) from 229 euros
HOLN maintained at "buy", PT up to 91 CHF ($113.20) from 75 CHF
Upgrades Italy's Buzzi BZU.MI to "buy" on attractive valuation, German recovery benefits; PT rises to 58 euros from 48 euros
Downgrades Sika SIKA.S to "hold" on growth guidance cut, China exposure; slashes PT to 168 CHF from 237 CHF
DB more confident on Germany infrastructure plan than France amid political uncertainty
($1 = 0.8584 euros)
($1 = 0.8039 Swiss francs)
Related Articles
TradingKey 2025 Markets Recap & Outlook | Bitcoin Price Repeatedly Hits New Highs, 2026 Can BTC Write Another Legend?
Multiple tailwinds in 2025 propelled Bitcoin to new highs, but many of these positives have already been priced in. In 2026, Bitcoin faces challenges such as liquidity tightening, as well as regulatory and monetary policy uncertainties. Wall Street is divided on Bitcoin's future outlook, with target
TradingKey 2025 Markets Recap & Outlook | Global Central Banks 2026 amid Post‑Easing Recovery and Diverging Paths
TradingKey - In 2025, major global central banks will largely maintain an accommodative stance, but the policy pace will decelerate notably. As the easing cycle draws to a close, how will global monetary policy evolve?
Ripple Price Prediction: Why Is XRP Price Falling? Can It Rise to $10 in the Future?
XRP has weakened this year due to profit-taking, capital outflows, and its correlation with Bitcoin. Despite support from potential spot ETFs and positive regulatory developments, significant market divergence, liquidity uncertainty, and macroeconomic uncertainty remain high. XRP's price is likely t
Elon Musk’s SpaceX Poised for Record-Breaking IPO: How Can Retail Investors Get In on the Action of Starlink Stock?
TradingKey - Elon Musk's rocket manufacturer SpaceX is expected to launch an IPO in 2026, with a target IPO valuation projected to reach $1.5 trillion. However, prior to its listing, the stock can only be traded in the private market, characterized by low information transparency and high capital ba
