(CercleFinance.com) – Credit Suisse reiterates its ‘outperformance’ opinion on CRH, but lowers its price target from 50 to 48 euros, reflecting lower estimates and a new euro-dollar parity used in its valuation during the transfer of accounts to the stock price.
The broker says it is cutting its 2022-24 EBITDA and EPS estimates for the Irish building materials group by 2% and 3% on average, due to currency headwinds and rising market prices. interest charges.
Nonetheless, he ‘looks to 2023 and beyond with confidence, supported by a significant increase in infrastructure funding, particularly in North America through the $1.2 trillion Infrastructure and Jobs Act’.
Copyright © 2022 CercleFinance.com. All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute a decision-making aid for investors. The responsibility of Cercle Finance cannot be held directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional adviser before any investment. This indicative information does not in any way constitute an incitement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends with the buttons below.
