CRH price target raised to $140 from $125 at Truist

Truist raised the firm’s price target on CRH (CRH) to $140 from $125 and keeps a Buy rating on the shares. The stock rose 5% after giving long term growth targets at the recent analyst day as the management also provided more detail on its road paving operations which are substantially larger than we expected, raising the sum of the parts valuation based on high multiples on stimulus demand for this operation, the analyst tells investors in a research note. Megatrends exposure around water, data centers, and roads is also notable for the company, the firm added.