CRH: Oddo BHF raises target price

(CercleFinance.com) - Oddo BHF reiterates its 'outperform' recommendation on CRH shares, with a price target raised from $85 to $95, based on its new estimates for the Irish building materials group and updated market data.


The broker justifies its positive stance by the group's M&A expertise, as well as its positioning upstream of projects proposing solutions rather than products to build more cheaply and sustainably.

Oddo BHF also highlights the infrastructure program (Job Act) and the IRA (relocation of production facilities), as well as an attractive valuation and the continuation of its share buyback program ($300m).


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