Vulcan Materials price target raised to $300 from $260 at Truist

Truist raised the firm’s price target on Vulcan Materials to $300 from $260 and keeps a Buy rating on the shares. The analyst cites the company’s Q4 earnings beat while noting that the management is looking for another aggregates pricing lead gain in 2024, although with some contraction in volume. The non-residential fears on Vulcan Materials and peers is fading and pricing into 2025 will soon become the question on the stock, the firm tells investors in a research note.