2022-10-10 05:44:25 VMC Vulcan Materials
10/10/22 10/1005:44 10/10/2205:44 | Vulcan Materials price target lowered to $189 from $199 at CitiCiti analyst Anthony Pettinari lowered the firm's price target on Vulcan Materials to $189 from $199 and keeps a Buy rating on the shares. The analyst trimming estimates in North America building products ahead of the Q3 earnings season to reflect softening residential demand, continued cost pressure, pockets of unfavorable weather, and sporadic labor and material availability issues. Within building products, Pettinari prefers aggregates producers as he expects accelerating public construction to largely offset deteriorating residential demand. |
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