Vulcan Materials price target lowered to $285 from $301 at Citi

Citi analyst Anthony Pettinari lowered the firm’s price target on Vulcan Materials (VMC) to $285 from $301 and keeps a Buy rating on the shares. The firm updated estimates primarily to reflect weaker Q1 demand impacted by weather. Weather was particularly bad in Vulcan Materials’ Southeastern heartland, with the Gulf Coast seeing historically rare snowfall in January, Citi told investors in a research note.