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Lafarge, Holcim Cut to Sell at Goldman, Italcementi Upgraded 2014-02-18 08:31:21.653 GMT
By Cormac Mullen Feb. 18 (Bloomberg) -- Goldman adds Wienerberger to conviction buy list, upgrades Hochtief to buy from neutral, in Europe construction sector note. * Lafarge, Holcim cut to sell from neutral; Italcementi upgraded to neutral from sell at Goldman * Goldman says EM risks make sector bellwethers less interesting, sector valuations look high * Sees best risk-reward for Wienerberger * Kepler Cheuvreux says Holcim, Lafarge, Vicat, Boskalis preferred stocks in separate construction & materials sector note * Says CRH, HeidelbergCement, Wienerberger least-preferred * Says market has already priced in a “big chunk” of EM slowdown, FX headwinds * Lafarge falls as much as 2.8%, Holcim as much as 1.9%; Wienerberger rises as much as 3%, Hochtief as much as 2.8% * NOTE: Also, Lafarge Kenya Says Government Dispute May Hamper Expansion
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