CRH price target raised to $116 from $110 at DA Davidson

DA Davidson analyst Brent Thielman raised the firm’s price target on CRH (CRH) to $116 from $110 and keeps a Neutral rating on the shares. The company’s organic growth remains relatively muted although capital deployment initiatives are supplementing, driving mid-single-digit growth rates and overall EPS growth, the analyst tells investors in a research note. The firm is updating its model to reflect the combination of latest transactions and expected impacts going forward, DA Davidson added.