Vulcan Materials price target lowered to $280 from $300 at Stephens

Stephens lowered the firm’s price target on Vulcan Materials to $280 from $300 and keeps an Overweight rating on the shares. Sales and EBITDA missed consensus expectations, but beat the firm’s estimates, largely due to volumes declines from tough weather, the analyst tells investors. Infrastructure, Vulcan’s largest market, remains healthy and lower rates should spur private demand in 2025, the analyst added.