Arcosa price target raised to $87 from $77 at Stephens

Stephens analyst Trey Grooms raised the firm’s price target on Arcosa to $87 from $77 and keeps an Equal Weight rating on the shares after the company reported Q2 sales and adjusted EBITDA that were “slightly ahead of expectations.” Pricing growth for aggregates remains “robust,” says the firm, which expects momentum to continue into next year when it expects a meaningful step-up in demand from infrastructure.