Eagle Materials price target lowered to $225 from $245 at DA Davidson

DA Davidson analyst Brent Thielman lowered the firm’s price target on Eagle Materials (EXP) to $225 from $245 and keeps a Neutral rating on the shares. The firm is citing a sharper decline in wallboard volume this period and relatively muted pricing in both key platforms, though its buybacks continue cushioning some impact to EPS, the analyst tells investors in a research note.