Nov. 28 (Bloomberg) -- Inversiones Argos SA, the owner of Colombia’s biggest cement company, was given a 2012 year-end target price of 23,500 pesos by brokerage Bolsa y Renta.
The company’s absorption of assets not related to cement production in a spinoff by its Cementos Argos unit has turned Inversiones Argos into a “diversified holding” with exposure to Colombia’s infrastructure sector, according to an e-mailed report by analysts including Carlos Eduardo Gonzalez. The brokerage maintained its “buy” recommendation for the company.
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