Bond.az - Jefferies raised its price target on Eagle Materials Inc. (NYSE:EXP) to $200 from $193, maintaining a Hold rating.
The new target sits near the current price of $195.90, though the stock remains well below its 52-week high of $243.64.
The firm noted solid cement volumes from infrastructure projects and data centers. Investments in Laramie and Duke are expected to support sustained growth and a low-cost network.
In a soft housing backdrop and with cement imports, margins are contracting. Pricing momentum is muted in both cement and wallboard.
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