(News Bulletin 247) – Stifel reaffirms its ‘buy’ recommendation and its target price of 50 euros on CRH, while next week’s extraordinary general meeting should prepare the ground for an initial public offering (IPO) in UNITED STATES.
‘Given the examples of Ferguson and Linde, in terms of indexing flows, this may provide longer-term investors with a short-term buying opportunity’, judges the broker in its note on the Irish materials group. of construction.
“Activity remains supportive, potentially supporting further earnings increases above consensus,” adds Stifel, who also finds “the valuation argument compelling, especially for US investors.”
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