Loop Capital upgraded Eagle Materials to Buy from Hold with a price target of $240, up from $170. The firm has seen wallboard prices stabilize over the last several months and it believes the recently announced price increase for late January/early February should at least keep prices flat from here. Any traction would offer upside Eagle’s model, the analyst tells investors in a research note. The firm says the company’s valuation and balance sheet are attractive.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on EXP: