CRH: Crédit Suisse still a buyer
(CercleFinance.com) - Crédit Suisse reinstates its "outperform" rating on the CRH share, along with its target price of 41 euros, while raising its estimates for the Irish building materials group by an average of 8.
1% (for EPS) and by 4.7% (for EBITDA) over 2020-2022.
"Our estimate changes reflect updated regional outlook following peers' strong Q3 results (especially in Europe) and incremental FX tailwind (i.e., weak USD)," the broker says.
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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.
1% (for EPS) and by 4.7% (for EBITDA) over 2020-2022.
"Our estimate changes reflect updated regional outlook following peers' strong Q3 results (especially in Europe) and incremental FX tailwind (i.e., weak USD)," the broker says.
Copyright (c) 2020 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.