CRH price target raised to $105 from $96 at Goldman Sachs

Goldman Sachs raised the firm’s price target on CRH (CRH) to $105 from $96 and keeps a Neutral rating on the shares after its Q1 results. The company’s EBITDA performance was ahead of consensus estimates, led by 310 bps of service gross margin expansion, and the quarter also saw pricing strength across Aggregates & Cement, the analyst tells investors in a research note. The firm adds that its higher price target reflects improved visibility on industry unit profitability.