Eagle Materials price target raised to $311 from $252 at Citi

Citi analyst Anthony Pettinari raised the firm’s price target on Eagle Materials to $311 from $252 and keeps a Buy rating on the shares. The company reported a fiscal Q1 beat with cement EBIT margins driven by solid pricing and lower maintenance costs, the analyst tells investors in a research note. The firm cites an improved margin profile and peer valuations for the target bump.