Yamama Cement upgraded to ‘buy’ following solid Q1-2015 profit

  • YC(2.42%)
19/04/2015 Argaam
Riyad Capital has upgraded Yamama Cement to buy, and set a target price of SAR 66.
 
The move comes after Saudi Arabia’s fourth-largest cement company reported a first quarter net profit of SAR 175 million, which fell in line with analyst forecasts.

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