JPMorgan raised the firm’s price target on Eagle Materials to $265 from $200 and keeps a Neutral rating on the shares as part of a broader research note on U.S. Construction Materials. The firm is boosting its FY24 and FY25 EBITDA estimates for the company by about 2% on stronger margins, mostly on the back of better pricing for cement and wallboard, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EXP:
- Eagle Materials price target raised to $290 from $250 at Truist
- Eagle Materials price target raised to $290 from $240 at Loop Capital
- Eagle Materials price target raised to $245 from $175 at DA Davidson
- Eagle Materials price target raised to $250 from $220 at Truist
- Eagle Materials price target raised to $244 from $234 at Citi