Scouting for new buy candidates, I am looking at Holcim (SWX: HOLN). A news report published yesterday, only in German, says that Morgan Stanley has reduced the price target from 62.50 to 59.50, yet today the price is going up. Is this a reflection of how little the market thinks of the analysis made by Morgan Stanley.At any rate, I am going to keep watching HOLN and see if it breaks out of the channel I have drawn on the chart.
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