Apr. 15 at 5:23 PM
Well Fargo marked up its rating of CRH on Tuesday, citing sticky European demand and its 2025 acquisition of material supplier Eco Material.
The bank had downgraded CRH at the beginning of 2026 but said Tuesday that concerns about recent underperformance appear “overdone.”
“We think Europe-exposed demand can prove stickier than recent share performance implies,” equity researchers for Wells Fargo wrote on Tuesday. “We also expect further growth from continued M&A is not appreciated in recent valuation, with ample coincident capacity for shareholder returns.”
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