Stephens analyst Trey Grooms raised the firm’s price target on Vulcan Materials (VMC) to $315 from $300 and keeps an Overweight rating on the shares. Q1 sales missed consensus but beat the firm’s estimate, the analyst tells investors. Adjusted EBITDA and EPS beat expectations and the firm sees this as a “high quality EBITDA beat,” with strong price-cost trends, which its sees putting Vulcan in “a solid position going forward,” the analyst added.
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