Buzzi Unicem - Another washout masks a potential opportunity

Davy Research
/Read Important Disclosures

Buzzi Unicem (BZU) has followed a long line of companies cutting guidance due to poor US weather. That suggests that FY18 market estimates are c.2-3% too high. Weather gloom aside, the outlook bright. Prices are up in all regions and for all products with cost pressures potentially moderating. With lots of bad news in the price, the shares are worth owning at these levels.