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News 2026-09-22 07:48 UTC

BUZZ — Italy's Buzzi falls after UBS cuts to 'sell' on earnings pressure

* UBS cuts its rating of Italy's Buzzi to "sell" from "neutral", citing import pressures and CO2 allowances cost expected to drive lower earnings * The brokerage sees earnings per share (EPS) downgrades between 10% and 25% for FY27 to 2030, given exposure to a weak-demand US cement market * UBS points out that around h