Morgan Stanley analyst Angel Castillo lowered the firm’s price target on CRH (CRH) to $139 from $141 and keeps an Overweight rating on the shares. In machinery and construction, the firm prefers “idiosyncratic stories where we see opportunity for improving sentiment in spite of macro risk to earnings” heading into “an otherwise low conviction” Q1 reporting period, the analyst tells investors in a preview for the group.
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