DA Davidson analyst Brent Thielman lowered his price target on Eagle Materials to $90 and also lowered his Q3 EPS forecast to $1.24 from $1.43. The analyst attributes the reductions to expectations of wallboard volumes missing his 6% growth projections due to "timing of price increases and pre-buy activity". The analyst also points to the poor weather conditions impacting operations in Austin along with the "onset of winter conditions elsewhere in the platform." Longer term, Thielman keeps his Buy rating on Eagle Materials shares, saying the stock may be worth the wait as the "basis for modest market growth still exists" despite the housing related concerns.