CRH announced five-year targets, aiming for 7-9% annual revenue growth and 22-24% adjusted EBITDA margin. It benefits from US construction activity and highway modernization. Price increases boosted EBITDA margin by 300 basis points since 2021. The $90 fair value estimate is maintained, but shares are trading at a 30% premium. Limited margin expansion opportunities and cyclical segments present challenges. Shares trade at 24 times earnings, a 25% premium to the five-year average.

Read more at Morningstar: New Midterm Targets Set at Capital Markets Day Highlight Bright US Construction Outlook