Eagle Materials price target raised to $290 from $265 at Loop Capital

Loop Capital raised the firm’s price target on Eagle Materials to $290 from $265 and keeps a Buy rating on the shares. The company reported a much better-than-expected Q1 on the back of better-than-expected operating margins across cement and wallboard, and its cement volumes also positively surprised against fears that poor weather would be a greater headwind than what materialized, the analyst tells investors in a research note.