Eagle Materials downgraded to Equal Weight from Overweight at Stephens

Stephens downgraded Eagle Materials (EXP) to Equal Weight from Overweight with an unchanged price target of $245. The firm expects soft residential demand to continue in calendar year 2026, driving prolonged sub-80% wallboard industry utilization and likely putting slight pressure on WB pricing, says the analyst. With expectations for continued soft demand and lackluster pricing, combined with the stock approaching the firm’s price target the firm is moving to the sidelines for now, the analyst added.