Eagle Materials price target lowered to $210 from $225 at DA Davidson

DA Davidson analyst Brent Thielman lowered the firm’s price target on Eagle Materials (EXP) to $210 from $225 and keeps a Neutral rating on the shares after its Q3 earnings miss. Continued tougher Wallboard demand/pricing dynamics warrant the firm’s updates, though internal capital initiatives and repurchases support stronger medium-to-long-term earnings power, but today’s current market backdrop and pricing environments still have the firm searching for a clearer sign of a bottom, the analyst tells investors in a research note.