Vulcan Materials price target raised to $285 from $260 at BofA

BofA raised the firm’s price target on Vulcan Materials to $285 from $260 and keeps a Buy rating on the shares following a better than expected Q4 and FY24 outlook. Vulcan is closing in on about $1B of free cash flow, at a time when aggregate shipments remain below peak, says the analyst, who raised estimates following the “strong” Q4 report.