Stifel lowered the firm’s price target on Eagle Materials to $286 from $300 and keeps a Buy rating on the shares. The “encouraging” outlook and long-term capital investments were “overshadowed” by weather and maintenance in the company’s Q4 report, the analyst tells investors. Projects delayed by weather are not canceled and likely to be made up in future quarters, says the firm, which sees no change in its long term outlook for the company.
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