RBC Capital lowered the firm’s price target on Vulcan Materials (VMC) to $296 from $316 and keeps a Sector Perform rating on the shares after its Q4 earnings miss. The firm still believes that the tone of the statement was more positive than the guide, and perhaps Vulcan wants to keep something back for the Capital Markets Day in March when it will publish updated medium term guidance, the analyst tells investors in a research note.
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