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Fly News Breaks for September 12, 2019
VMC
Sep 12, 2019 | 07:24 EDT
Barclays analyst Adam Seiden raised his price target for Vulcan Materials to $160 from $140 saying the company's "potential will be unlocked" by its ability to drive "industry-leading" unit margins higher, lower operating costs, improve capital discipline and ultimately bettering returns. Ahead of next week's analyst day, the analyst notes that he sees a path to 20%-25% higher unit margins, which he believes is bullish for shares. Seiden keeps an Overweight rating on Vulcan Materials.
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