Argus analyst David Coleman lowered his price target on Vulcan Materials to $122 after its Q2 earnings miss and relative underperformance over the past 3 months and year-to-date. The analyst also keeps his Buy rating on the stock over the longer term, saying that it "remains one of the best-positioned companies in the construction materials industry", with expectation of benefits comping from the "eventual increase in U.S. infrastructure spending and continued acquisitions." Coleman lowers his FY18 EPS view to $4.35 from $4.50, but expects Vulcan to benefit from growth in "infrastructure, residential, and commercial construction, as well as from recent acquisitions and its presence in high-growth geographic markets".