Eagle Materials price target raised to $245 from $220 at JPMorgan

JPMorgan raised the firm’s price target on Eagle Materials (EXP) to $245 from $220 and keeps a Neutral rating on the shares. The firm expects demand trends to improve for the construction materials industry in the second half of 2025 and 2026. With company outlooks pointing to improved volumes in the back half of the year, Q2 was likely the trough of softer demand trends, the analyst tells investors in a research note. JPMorgan established December 2026 price targets for the group.