CRH: Bryan Garnier welcomes outlook in US

(CercleFinance.com) - Bryan Garnier has reinstated its "buy" rating, trimming its fair value for the CRH stock from 36 euros to 35.
5 euros, a share which the broker has entered onto its Top Picks list for the first quarter of 2018.

"While CRH is obviously not immune to risks, notably forex (USD), we believe the share price should benefit from 1) a positive outlook for US construction in 2018 and 2) robust momentum on the M&A side," the broker judges.

Bryan Garnier also highlights a possible announcement by President Trump, at the beginning of the year, about the 1 trillion dollar infrastructure plan, which could add over three euros to its fair value.


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.