As previously reported, Wolfe Research downgraded Vulcan Materials to Peer Perform from Outperform with no price target as the firm also cut building materials to Market Weight to reflect fuller valuations and risk of disappointing infrastructure demand. After its 31% rally over the past four months and “big 2023” margin expansion, the firm sees more muted growth and risks to infrastructure, the analyst tells investors.
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 VMC:
- Trump vs. Biden: Which Stocks to Choose for Each Election Outcome
- Vulcan Materials upgraded to Conviction Buy from Buy at Goldman Sachs
- Vulcan Materials price target raised to $290 from $255 at Argus
- Vulcan Materials price target raised to $300 from $260 at Truist
- Vulcan Materials price target raised to $285 from $260 at BofA
