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Fly News Breaks for February 15, 2019
VMC
Feb 15, 2019 | 08:41 EDT
Jefferies analyst Philip Ng raised his price target for Vulcan Materials to $133 and keeps a Buy rating on the shares following the company's Q4 results. While the ramp in public has been slower than expected, the funding is "finally trickling through" and expected to accelerate the next few years, positioning Vulcan as a "compelling late cycle name," Ng tells investors in a research note. The stock remains one of his top picks.
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