Analysts at Citi have changed the recommendation on Lafarge from neutral to buy. Furthermore, Citi has increased the target share price for the French construction materials group to €53. Though there remain issues in the Middle East, Citi says the US market and emerging market are showing signs of positive change for 2013. The international financial conglomerate also expects Lafarge to sell more assets as part of its plan to reach debt of under €10 billion in 2013. Lafarge has reported that its costs are
Analysts at Citi have changed the recommendation on Lafarge from neutral to buy. Furthermore, Citi has increased the target share price for the French construction materials group to €53.
Though there remain issues in the Middle East, Citi says the US market and emerging market are showing signs of positive change for 2013. The international financial conglomerate also expects Lafarge to sell more assets as part of its plan to reach debt of under €10 billion in 2013. Lafarge has reported that its costs are down and its price strategy is likely to compensate for lower volumes sold in 2012.
