CRH: Stifel a buyer ahead of US IPO

(CercleFinance.com) - Stifel confirms its "buy" rating on CRH shares, along with its E50 target price, as next week's EGM is expected to pave the way for a primary IPO in the US.


"Looking at the Ferguson and Linde examples, in terms of indexation flows, this may provide longer-term investors with a short-term buying opportunity", the broker in its comments about the Irish building materials group.

"Trading remains favourable, potentially driving further earnings upgrades ahead of consensus from here", Stifel adds, which also finds " The valuation argument is compelling, in our view, especially for U.S. investors".


Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.