SunTrust analyst Rohit Seth lowered his price target on U.S. Concrete to $47 after its Q3 earnings miss and FY18 revenue guidance cut along with the anticipated negative impact of fires in California's Bay Area. The analyst also cites the overall multiple compression in the Building Materials industry. Longer term, Seth maintains his Buy rating on U.S. Concrete, expecting the company to benefit from continued construction spending growth in NYC, Dallas, and California areas along with the anticipated "improving margin profile" from fixed cost leverage and more positive price to cost dynamic in 2019.