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Fly News Breaks for February 15, 2019
VMC
Feb 15, 2019 | 07:40 EDT
Deutsche Bank analyst Nishu Sood raised his price target for Vulcan Materials to $125 saying that while the company's Q4 results weren't supposed to look good due to hurricanes and other profit headwinds, they met expectations. That tells us that underlying demand momentum is strong, Sood tells investors in a post-earnings research note titled "Demand momentum shines through even with more bad weather in 4Q18). He sees more upside in Vulcan shares before a building materials recovery trajectory is fully priced in. Sood keeps a Buy rating on the name.
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