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Fly News Breaks for March 6, 2019
VMC
Mar 6, 2019 | 07:06 EDT
Goldman Sachs analyst Jerry Revich added Vulcan Materials to the Conviction Buy List with a $140 price target citing valuation and reduced expectations following several years of negative estimate revisions to manageable levels. Revich now sees an inflection in pricing, infrastructure investment in Vulcan's footprint, stabilizing residential data points, and for the industry to reclaim margin pressure from higher raw material costs over the course of last year.
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