Eagle Materials price target raised to $205 from $195 at Stifel

Stifel analyst Stanley Elliott raised the firm’s price target on Eagle Materials to $205 from $195 and keeps a Buy rating on the shares. Stifel recently conducted a survey, which pointed to LSD volume trends and favorable pricing environment in Q2. Other positive takeaways from the survey include the “incredibly strong” pricing environment, in-line sales, the Midwest seeing better weather, aggregates seeing relative strength, and price/cost flipping to tailwind, Stifel says.