Eagle Materials price target raised to $245 from $175 at DA Davidson

DA Davidson analyst Brent Thielman raised the firm’s price target on Eagle Materials to $245 from $175 and keeps a Neutral rating on the shares. The company’s Q3 Wallboard results lagged, though the outlook for the businss is improving with forthcoming price increases, the analyst tells investors in a research note. The firm adds that the Cement contributions at Eagle Materials also continue to be solid, with no abatement seen in the near-term.