RBC Lowers 'Decarbon King' Heidelberg Materials' Rating, Price Target After Period of Outperformance

11:54 PM EST, 12/08/2025 (MT Newswires) -- After "a strong period of outperformance," building materials company Heidelberg Materials (HEI.F) was downgraded by analysts at RBC Capital Markets amid the absence of near-term catalysts. On Monday, the German company, which RBC called "the decarbon king" was rated sector perform with a price target of 233 euros, compared with an outperform rating and price target of 218 euros as of Nov. 7. "We believe that Heidelberg has clearly communicated its investment case: the only global cement producer with a laser focus on decarbonisation and digitisation. Following its Capital Markets Day earlier this year, its medium term targets are embodied in consensus and absent any upgrades to that guidance we see limited scope for share price catalysts on a one-year view," the note said.