Following the announcement of the 2014 figures of Italcementi, Berenberg Bank has increased its price target for the stock of Italcementi to EUR 7.10 from EUR 6.30 per share, but has downgraded its recommendation on the cement maker to "hold" from previously "buy".

The earnings estimates are reduced by 46.6, 22.5 and 7.6 per cent to EUR0.05, EUR0.29 and EUR 0.60 per share for 2015, 2016 and 2017, respectively

Abstracted from an original article in Boersen-Zeitung.