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Fly News Breaks for September 26, 2018
EXP
Sep 26, 2018 | 16:22 EDT
Macquarie analyst Adam Baumgarten initiated Eagle Materials with an Outperform rating and $105 price target, noting that cement capacity is getting tight while the wallboard industry is "finally starting to hit its stride." He expects the company to be active in repurchasing shares given recent stock performance, strong free cash flow and modest leverage, he added.
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