Goldman Sachs analyst Jerry Revich upgraded Vulcan Materials to Conviction Buy from Buy with a $292 price target. The move is part of the firm’s “US Conviction List – Directors’ Cut” for March. The analyst says Vulcan has a favorable combination of structurally improving profitability, U.S. homebuilding activity exposure, and value enhancing capital deployment opportunities that should help to drive up earnings by almost 50% over the next two years.
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