Stephens analyst Trey Grooms raised the firm’s price target on Vulcan Materials (VMC) to $340 from $330 and keeps an Overweight rating on the shares. Q1 results beat, driven primarily by aggs volume growth, the analyst tells investors. Vulcan has a strong track record of recovering higher costs and holding onto that price even as costs inevitably come down, the analyst tells investors.
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Read More on VMC:
- 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
- Vulcan Materials price target lowered to $320 from $323 at Raymond James