European Building-Material Sector Shows Achievable 2H Expectations -- Market Talk

Dow Jones09-11

0939 GMT - The European building material sector's second-half expectations remain achievable, but in most cases there continues to be a degree of conservatism within guidance, JP Morgan analysts Elodie Rall and Zaim Beekawa say in a research note. Heidelberg Materials and Saint-Gobain show a potential for upside to current consensus estimates, they say. "Elsewhere, in terms of events/catalysts in 2H, we note that Sika is hosting a capital markets day on Oct. 3, though we expect this will be rather educational given its Strategy 2028 was announced last year," the analysts say. They add that Holcim will host two CMDs, but so far details haven't been shared, which could be a slight disappointment. Heidelberg shares trade 0.7% higher at 91,32 euros. Saint-Gobain shares trade 0.6% lower at 76,94 euros. (nina.kienle@wsj.com)

(END) Dow Jones Newswires

September 11, 2024 05:39 ET (09:39 GMT)

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Heidelberg Materials and Saint-Gobain show a potential for upside to current consensus estimates, they say. \"Elsewhere, in terms of events/catalysts in 2H, we note that Sika is hosting a capital markets day on Oct. 3, though we expect this will be rather educational given its Strategy 2028 was announced last year,\" the analysts say. They add that Holcim will host two CMDs, but so far details haven't been shared, which could be a slight disappointment. Heidelberg shares trade 0.7% higher at 91,32 euros. Saint-Gobain shares trade 0.6% lower at 76,94 euros. 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