CRH initiated with bullish view at Truist, here’s why

Truist initiated coverage of CRH with a Buy rating and $81 price target. In addition to shifting its primary stock listing to the NYSE, portfolio mix is also shifting towards the U.S., but Truist believes there is still work to be done before these moves add multiple, the analyst tells investors in a research note. CRH is a lot more than just U.S. materials, the firm adds, noting that CRH provides exposure to U.S. Building Products in the recovery.