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Fly News Breaks for November 29, 2019
EXP
Nov 29, 2019 | 08:30 EDT
SunTrust analyst Keith Hughes raised his price target on Eagle Materials to $102 and kept his Buy rating to reflect its Kosmos Cement acquisition announced this week. The analyst believes that the assets acquired at an "attractive" multiple are a "good strategic fit" and should be near-term accretive to its earnings. Hughes also remains positive on Eagle Materials' overall valuation and its best-in-class margins.
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