CRH initiated with a Buy at Loop Capital

Loop Capital analyst Garik Shmois last night initiated coverage of CRH (CRH) with a Buy rating and $114 price target The firm We recommends taking advantage of the recent pullback, saying CRH offers “best in-class exposure” with scale to the U.S. infrastructure market at a discount to its principal publicly traded peers. While the shares have narrowed the valuation gap since its 2023 U.S. listing, there is room for the multiple to move higher on an absolute and relative basis, the analyst tells investors in a research note.