Stifel reaffirms its 'buy' recommendation on CRH, while raising its price target from $69 to $80, believing that 'any weakness early in the year should be seen as a buying opportunity'.

The broker points to its relatively higher exposure to North America and housing as supportive in terms of earnings momentum, and believes that its capital allocation capacity remains 'unrivalled'.

Recent operations support growth and reinforce its already favorable carbon footprint", adds Stifel, for whom the revaluation theme remains on track, regarding the Irish building materials supplier.

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