CRH: Stifel raises target price
(CercleFinance.com) - Stifel maintains its "buy" rating on CRH shares, increasing its target price for them from E42.
5 to E50, believing that the Irish company's outperformance "should hence continue beyond its long-term trend (see Figure 1) and prior to its U.S. listing".
"Current trading and energy costs remain supportive, while operationally it is the best equipped to face any slowdown," it said, raising estimates for the building materials group above consensus.
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