Financial organisation Morgan Stanley has maintained its outlook rating for Lafarge at equal-weight because it said the shares do “not show visibility”. The rating may be changed later in the year as the organisation said that recent divestment announcements mean the company should exceed its debt reduction target this year. Nonetheless, Morgan Stanley said that Lafarge is a more uncertain investment than its competitors and has lowered the target share price from €53 to €51.
Financial organisation Morgan Stanley has maintained its outlook rating for Lafarge at equal-weight because it said the shares do “not show visibility”. The rating may be changed later in the year as the organisation said that recent divestment announcements mean the company should exceed its debt reduction target this year. Nonetheless, Morgan Stanley said that Lafarge is a more uncertain investment than its competitors and has lowered the target share price from €53 to €51.
