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Imerys sees stock rating slashed by HSBC

By John Ollett
Published: Friday, 06 July 2012

Rating cut to “underweight”; French housing market blamed

The research department of global investment bank HSBC has slashed its recommendation for the shares of Imerys SA, the world’s largest industrial mineral company, to “underweight”.

A weak French housing market was cited as the main factor behind the cut, Bloomberg reported, and, as much...

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