Stifel Downgrades CRH to Hold, Raises Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tobias Woerner downgraded CRH (NYSE:CRH) from Buy to Hold while raising the price target from $80 to $82.

April 15, 2024 | 9:52 am
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Stifel analyst Tobias Woerner downgraded CRH from Buy to Hold but increased the price target from $80 to $82.
The downgrade to Hold suggests a neutral outlook on CRH's stock performance in the short term, indicating that the stock might not have significant upside potential from its current level. However, the increase in the price target from $80 to $82 implies a slight positive adjustment in the valuation, which could mitigate some negative sentiment from the downgrade. Overall, the impact is neutral as the positive adjustment in price target somewhat balances the downgrade.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100