CRH: Barclays lowers its opinion on the share
(CercleFinance.com) - Barclays has downgraded its recommendation to 'equal weight' on the share of Irish construction materials supplier CRH in a note to the sector.
“We believe the strong cement sector performance YTD calls for a breather, especially given weather disruptions in the US that will likely hit Q2 performance,” the broker says.
Barclays had reconfirmed its 'overweight' rating on CRH at the beginning of March 2019 and had raised its price target from 30 to 33 euros following the Irish group's annual results.
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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.
“We believe the strong cement sector performance YTD calls for a breather, especially given weather disruptions in the US that will likely hit Q2 performance,” the broker says.
Barclays had reconfirmed its 'overweight' rating on CRH at the beginning of March 2019 and had raised its price target from 30 to 33 euros following the Irish group's annual results.
Copyright (c) 2019 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.