Eagle Materials price target raised to $145 from $135 at Loop Capital

Loop Capital analyst Garik Shmois raised the firm’s price target on Eagle Materials to $145 from $135 and keeps a Hold rating on the shares as part of a broader research note on Aggregates and Cement names. Pricing in the wallboard cycle is hanging in better than feared even with housing demand slowing and input costs declining, the analyst tells investors in a research note. Shmois adds that Eagle Materials shares could outperform on the housing rally while also noting that the company’s balance sheet is "ripe for M&A participation".