Loop Capital raised the firm’s price target on Eagle Materials to $160 from $145 and keeps a Hold rating on the shares as part of a broader research note on Building Products. A Q1 survey showed that wallboard volumes were moderately better than anticipated due in part to multi-family and the timing of commercial work, the analyst tells investors in a research note, also noting that pricing has also been more resilient than modeled thanks to a favorable sales mix.
Published first on TheFly
