Loop Capital analyst Garik Shmois initiated coverage of Vulcan Materials with a Hold rating and $156 price target. The analyst believes that the company should see "steady" double-digit EBITDA growth over the next several years with low-to-mid single digit volume expansion, but he also sees these expectations reflected in Vulcan Materials' valuation. Shmois adds that "choppy contract awards" in 2019 may result in "air pockets of demand" in 2020, further noting that the first year comps of next year look challenging due to favorable weather in the first half of this year.