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.
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