DA Davidson raised the firm’s price target on Vulcan Materials to $260 from $225 and keeps a Buy rating on the shares. The analyst cites the company’s “strong” Q2 results, noting that its volume held relatively stable despite some varying headwinds in the quarter. The firm adds that the pricing and margins, as seen across the industry, were also supported by strong bottom-line gains vs. last year.
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Read More on VMC:
- Vulcan Materials raises FY23 adjusted EBITDA to $1.9B-$2.0B from $1.85B-$1.95B
- Vulcan Materials price target raised to $260 from $225 at Truist
- Vulcan Materials price target raised to $236 from $212 at RBC Capital
- Vulcan Materials price target raised to $260 from $235 at Loop Capital
- Vulcan Materials price target raised to $260 from $230 at Stephens