Vulcan Materials price target raised to $297 from $275 at BofA

BofA raised the firm’s price target on Vulcan Materials (VMC) to $297 from $275 and keeps a Buy rating on the shares. The two leading aggregate companies – Vulcan and Martin Marietta (MLM) – reported “strong” Q1 results and reaffirmed fiscal year guidance, notes the analyst. The positive price versus cost spread is “clear,” but there is an argument that “tariffs can EXTEND the favorable spread,” the analyst tells investors.