Loop Capital analyst Garik Shmois raised the firm’s price target on Eagle Materials (EXP) to $245 from $230 and keeps a Hold rating on the shares. The company reported a better than expected quarter on stronger wallboard results, which more than offset weaker cement earnings, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EXP:
- Eagle Materials Reports Record Revenue Amid Earnings Decline
- Eagle Materials Reports Record Revenue Amid Sector Challenges
- Eagle Materials reports Q1 EPS $3.76, consensus $3.68
- EXP Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- EXP, MLM, VMC: Explosive AI Data Center Growth Drives Demand for Cement