JPMorgan lowered the firm’s price target on Eagle Materials (EXP) to $250 from $310 and keeps a Neutral rating on the shares. The firm reduced estimates and sees low visibility on demand given the company’s high exposure to the residential segment.
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Read More on EXP:
- Eagle Materials resumed with a Hold at Stifel
- Eagle Materials: Hold Rating Amid Strong Market Position and Near-Term Challenges
- DA Davidson analyst holds an analyst/industry conference call
- Eagle Materials Posts Solid Third Quarter Results
- Eagle Materials reports Q3 adjusted EPS $3.59, consensus $3.96
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