PLC [O-PF +17.6%] - Temporary lull in asphalt demand but recovery is imminent - Update 2016-07-20T11:47:41 Company Research We revise down our target price for PLC by 3.8% as infrastructure disbursement delays will weigh on 2016 earnings. However, we maintain an OUTPERFORM recommendation as we expect to see asphalt demand pick up strongly in 2017.