CRH: Bryan Garnier still a buyer - adjusts target
(CercleFinance.com) - Bryan Garnier has reinstated its "buy" recommendation on CRH, nudging up its fair value for the share from 37 euros to 38 euros, following the go-ahead received last week from the FTC for CRH's acquisition of Ash Grove.
This good news, combined with better macro data, is an opportunity for us to reiterate our positive view of the share, which is supported by its clear strategy, the broker explained.
Bryan Garnier also points out that unlike its peers, LafargeHolcim, HeidelbergCement and even Saint-Gobain, the Irish building materials supplier has very little exposure to emerging markets.
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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.
This good news, combined with better macro data, is an opportunity for us to reiterate our positive view of the share, which is supported by its clear strategy, the broker explained.
Bryan Garnier also points out that unlike its peers, LafargeHolcim, HeidelbergCement and even Saint-Gobain, the Irish building materials supplier has very little exposure to emerging markets.
Copyright (c) 2018 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.