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Fly News Breaks for December 7, 2015
EXP
Dec 7, 2015 | 07:19 EDT
Stephens analyst Trey Grooms lowered his estimates for Eagle Materials on account of lower wallboard and cement volumes and cut his price target on the stock to $80 from $86. Grooms also thinks Street estimates appear too high and are in line for at least one more round of reduction. However, the analyst notes that Eagle shares are trading at a discount to historical averages even given his "Street low" estimates and reiterates an Overweight rating on the stock.
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