Morgan Stanley lifts Lafarge price target

Morgan Stanley has lifted the share price target of Lafarge from EUR36 to EUR42 and assigned an ‘equal-weight’ recommendations.

Analysts at Morgan Stanley see optimistic prospects for the sector, reports SeeNews France, which increases its attractiveness.

Last week Lafarge said it planned to cut 460 jobs worldwide as part of its reorganization plan presented on 21 November. Under the plan, the company will replace its current produt line-based organisation with a country-based structure.