Loop Capital raised the firm’s price target on Eagle Materials to $310 from $290 and keeps a Buy rating on the shares as part of a broader research note on Aggregates and Cement. The firm is citing its Q1 aggregates and cement survey indicating stronger pricing and margin assumptions, stating that while it expects mostly in-line Q1 earnings as poor weather hampered the start of the year, it is also anticipating positive tones on earnings calls for the group.
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