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BUY OR SELL-Analysts split on Heidelberg's road to recovery

Wed Nov 4, 2009 8:29pm IST
 
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* HeidelbergCement releases solid Q3 results, trims debts

* Probable inclusion in DAX could support shares

* Market outlook may still be too optimistic

By Tyler Sitte

FRANKFURT, Nov 4 (Reuters) - Analysts are divided about whether German building materials maker HeidelbergCement (HEIG.DE: Quote, Profile, Research) is on the road to recovery following its results announcement on Wednesday. [ID:nL3364461]

BUY

"HeidelbergCement's third quarter was a positive surprise despite some negative aspects," said Commerzbank analyst Norbert Kretlow, who reiterated his brokerage's "buy" rating.  Continued...

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