Wells Fargo cut CRH target to $132; Jefferies raised to $165.60. Barclays and UBS trimmed ICE targets to $180 and $190. ICE Alpha Score 41/100, Mixed.
Wells Fargo lowered its price target on CRH (NYSE:CRH) to $132 from $135 on July 8, keeping an Overweight rating. The move came ahead of second-quarter earnings. Higher energy costs and slower government spending are pressuring the building materials sector. Wells Fargo still calls CRH its top pick, pointing to the planned acquisition of Arcosa’s construction assets and valuation relative to growth.
Jefferies raised its CRH target to $165.60 from $149 on June 26, maintaining a Buy. The firm sees the Arcosa deal adding 5% to 6% to earnings per share starting in 2027. The acquisition shows CRH’s ability to combine organic growth with strategic deals, reinforcing its lead in global construction materials.
Intercontinental Exchange (NYSE:ICE) drew target cuts from two banks. Barclays lowered its target to $180 from $201 on July 9, keeping an Overweight rating. The revision was driven by broader sector assumptions, not a change in ICE’s business outlook. UBS cut its target to $190 from $205 on July 7, maintaining a Buy. Both firms continue to see value in ICE’s exchange, clearing, and technology businesses.
ICE holds an Alpha Score of 41 out of 100, a Mixed rating. The score reflects a balanced risk-reward profile relative to peers in the financial exchange space.
CRH’s Arcosa deal is expected to close in the second half of 2025.
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