Davy Stockbrokers has upgraded its outlook for Irish building materials giant CRH saying that a strong balance sheet and cash flow will fund returns-enhancing acquisitions and a strong dividend.
CRH's share price has fallen by almost 10% year-to-date and has underperformed the sector and its main peers. The company’s share price fell a further 1.7 per cent this morning. Nevertheless, Davy said in a note that it believes the shares are now “attractively valued, particularly...
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