Goldman Sachs analyst Jerry Revich lowered the firm’s price target on Eagle Materials (EXP) to $242 from $252 and keeps a Buy rating on the shares after its Q4 earnings miss. The firm is also reducing its FY26 and FY27 EBITDA estimates to $779M and $846M from $874M and $900M respectively to reflect lower Wallboard margins due to higher shipping costs and higher Cement costs, the analyst tells investors in a research note.
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Read More on EXP:
- Eagle Materials price target lowered to $237 from $245 at Loop Capital
- Eagle Materials price target lowered to $241 from $242 at Stifel
- Eagle Materials Reports Record Revenue Amid Strategic Growth
- Eagle Materials’ Earnings Call: Record Results Amid Challenges
- Eagle Materials reports Q4 adjusted EPS $2.08, consensus $2.43
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