RBC Capital raised the firm’s price target on Vulcan Materials (VMC) to $298 from $296 and keeps a Sector Perform rating on the shares after its Q1 earnings beat. The tone of the earnings call was very upbeat as input cost inflation is being passed through and momentum in the public sector and private non-residential is more than compensating for the ongoing residential weakness, the analyst tells investors in a research note.
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Read More on VMC:
- Vulcan Materials price target raised to $340 from $330 at Stephens
- Vulcan Materials price target raised to $340 from $296 at Barclays
- Vulcan Materials Signals Confident Outlook Despite Cost Pressures
- Vulcan Materials reports Q1 adjusted EPS $1.35, consensus $1.10
- Vulcan Materials backs FY26 adjusted EBITDA view $2.4B-$2.6B