NEW YORK (dpa-AFX) - The Canadian bank RBC has added Heidelberg Materials to its rating with an "Outperform" and a price target of 133 euros. While other building materials manufacturers are focused on serving specific markets, Heidelberg's primary focus is on the planet, analyst Anthony Codling wrote in a study published on Tuesday. This altruism is also commercially astute; the price of solving cement's carbon problem will be colossal and dwarf the returns of any single market. Today, Heidelberg Materials is the biggest ESG (environmental, social, governance) stock in the sector, tomorrow it could also be the biggest profit stock./la/gl

Publication of the original study: 14.05.2024 / 00:52 / EDT First dissemination of the original study: 14.05.2024 / 00:52 / EDT

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