Morgan Stanley analyst Angel Castillo raised the firm’s price target on CRH Plc (CRH) to $140 from $131 and keeps an Overweight rating on the shares. Troughing US non-residential construction spending in 2026 “might only be good for some construction stocks,” contends the analyst, who would be buyers of Terex (TEX), sees “reasons to remain optimistic” on CRH, Martin Marietta (MLM) and United Rentals (URI), and continues to expect shares of Caterpillar (CAT) to underperform the group.
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