Vulcan Materials price target raised to $320 from $305 at Barclays

Barclays raised the firm’s price target on Vulcan Materials (VMC) to $320 from $305 and keeps an Overweight rating on the shares as part of a Q3 preview for the machinery and construction group. Inventories are improving across machinery, most notably in agriculture, the analyst tells investors in a research note. The firm sees an opportunity in some of the group’s relative laggards due to lower expectations.