JPMorgan lowered the firm’s price target on Eagle Materials (EXP) to $250 from $310 and keeps a Neutral rating on the shares. The firm reduced estimates and sees low visibility on demand given the company’s high exposure to the residential segment.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EXP:
- Eagle Materials resumed with a Hold at Stifel
- Eagle Materials: Hold Rating Amid Strong Market Position and Near-Term Challenges
- DA Davidson analyst holds an analyst/industry conference call
- Eagle Materials Posts Solid Third Quarter Results
- Eagle Materials reports Q3 adjusted EPS $3.59, consensus $3.96