Morgan Stanley Reinstates Overweight on CRH, Announces $139 Price Target
Morgan Stanley analyst Angel Castillo reinstates CRH (NYSE:CRH) with a Overweight and announces $139 price target.
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Shares of homebuilding and housing-related companies are trading lower after worse-than-expected June new building permits data. Also, single-family housing starts fell 0.2% month-on-month, putting the annual starts rate 3.2% below its year-ago level.
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