CRH: Oddo says will benefit from US plan
(CercleFinance.com) - Oddo BHF maintains its "outperform" rating on CRH shares, along with a target price maintained at 43 euros, citing it as one of the best placed companies to benefit from the US plan for massive investment in infrastructure and building renovation.
For this plan, which could be announced soon and should at least partially use the 2 trillion dollar proposal of the election campaign, the analyst estimates the impact on EBITDA of its sample of stocks at between 2% and 10% per year.
In building materials, the broker considers that the Irish group CRH seems to be best positioned to benefit from theme, while Ferguson and cement manufacturers should also benefit.
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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.
For this plan, which could be announced soon and should at least partially use the 2 trillion dollar proposal of the election campaign, the analyst estimates the impact on EBITDA of its sample of stocks at between 2% and 10% per year.
In building materials, the broker considers that the Irish group CRH seems to be best positioned to benefit from theme, while Ferguson and cement manufacturers should also benefit.
Copyright (c) 2021 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.