Eagle Materials price target raised to $230 from $190 at Stephens

Stephens analyst Trey Grooms raised the firm’s price target on Eagle Materials to $230 from $190 and keeps an Overweight rating on the shares. Wallboard prices have fared slightly better than expected in the quarter, the analyst tells investors. While Stephens continues to model modest price slippage over the balance of the year, recent stabilization is “encouraging” and a massive decline looks “increasingly unlikely,” the firm says.