Does Wells Fargo still recommend buying CRH stock?

Yes, Wells Fargo maintained an Overweight rating, indicating a positive outlook.

Why did Wells Fargo lower the price target for CRH?

The reduction is due to pressure in the construction sector, but analysts still see 40.70% upside potential.

What is the expected upside for CRH stock according to analysts?

Analysts estimate the stock has 40.70% upside potential from current levels.

Wells Fargo Lowers CRH Price Target to $132, Maintains Overweight

Wells Fargo lowered its price target on CRH (NYSE:CRH) to $132 from $135, while maintaining an Overweight rating. The adjustment precedes Q2 earnings for the building materials sector, according to Insider Monkey.

July 15, 2026

2 min read

Source: Insider Monkey

Key Numbers

upside potential

40.70%

old price target

$135

new price target

$132

price target change

-$3

Wells Fargo has reduced its price target on CRH plc (NYSE:CRH) to $132 from $135, while maintaining an Overweight rating on the shares. The revision comes ahead of second-quarter earnings for the building materials sector, as reported by Insider Monkey.

Recommendation Change

Previous Price Target: $135
New Price Target: $132
Rating: Overweight (unchanged)
Upside Potential: 40.70% based on analyst consensus

Analyst Rationale

Wells Fargo analysts cited ongoing pressure in the construction sector as the reason for the slight target reduction. However, they remain bullish on CRH's long-term prospects, expecting demand for building materials to grow.

Context

CRH is among 12 Strong Buy stocks with high upside potential according to analysts. The construction sector faces headwinds from rising material costs and slowing demand in some markets. CRH's stock has shown mixed performance recently.

What This Means for Investors

Despite the modest target cut, analysts maintain a positive outlook on CRH. Investors are advised to monitor upcoming Q2 earnings and sector trends for further guidance.

Frequently Asked Questions

The new price target is $132, down $3 from the previous $135.

Found this useful? Share it

This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.