In fibrillation also WeBuild and Cementir. In the US, a multi-billion dollar plan is being studied
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Fibrillation construction sector in Piazza Affari and in the Old Continent, galvanized by the maxi plans for infrastructures under study in the United States and Italy. Buzzi Unicem, the best in Milan, benefited above all from the fact that Citigroup and Ubs raised the price target to 24 euros (from 23 and 22.5 euros respectively). Outside the main list, WeBuild and Cementir are also fast-moving.
The central theme is precisely that of infrastructure. As far as Italy is concerned, a plan is being studied, “Italia Veloce”, of 200 billion euros of works for the revitalization of the country. The Minister of Infrastructure and Transport, Paola De Micheli, in recent days in a post on Facebook spoke of “an ambitious program for the revitalization of transport and infrastructure”, proposed “with a precise idea of the country”.
In the US, the study is worth a trillion dollars
And then there is the American front, where the Trump administration, according to rumors, would be working on a $ 1,000 billion infrastructure plan to revive the American economy, which would include investments in traditional infrastructure, such as bridges and roads, and in the development of the 5G network and broadband in rural areas.
Buzzi, Cementir, Trevi and WeBuild headlines under the lens
According to Equita, the most exposed securities are precisely Buzzi Unicem, which “in the United States generated 55% of Ebitda in 2019, and Cementir which achieves 9% of the group’s Ebitda”. Furthermore, in the construction sector, analysts believe that “WeBuild, which generates 20% of its turnover through Lane, can benefit from the plan, being particularly exposed to traditional infrastructures such as bridges and highways”. In addition, Trevi Finanziaria Industriale, which “generates 22% of revenues in North America and is particularly exposed to the dam sector”, as well as Prysmian, which “in North America generates 35% of the ‘Ebitda and Cnh Industrial, whose construction equipment division in 2019 generated 10% of the group’s turnover (of which 50% in the United States), but only 3% of the operating margin due to structural problems “.
(Il Sole 24 ore Radiocor)