Italcementi's star shines in Piazza Affari as it runs on the Stock Exchange in the late morning, recording increases of more than 2% to 9,22 euros per share.
The shares of the building materials group were driven by a positive report from Bofa Merrill Lynch which this morning raised its recommendation on the stock to 'buy', taking into account a potential revaluation of around 30%, up to 12 euros. What struck the analysts was the EBITDA trend, which in 2013 saw organic growth of 9%.
According to Bofa Merrill Lynch, Italcementi's financial structure has also improved: the company should carry out asset sales of around 180 million in the period 2014-2015, allowing the group to achieve a positive cash flow for the first time in three years.
