Morgan Stanley Lowers Vulcan Materials Price Target to $285
Morgan Stanley Lowers Vulcan Materials Price Target to $285

Morgan Stanley Lowers Vulcan Materials Price Target to $285

News summary

Vulcan Materials Company (NYSE:VMC) has recently experienced mixed analyst ratings, with Morgan Stanley lowering its price target to $285 and maintaining an equal weight rating, while other firms like Argus, Wolfe Research, UBS, and Stifel Nicolaus have issued buy or strong buy ratings and raised their price targets. The company reported better-than-expected quarterly earnings with $1.00 EPS, surpassing estimates, though revenue was slightly below expectations. Institutional ownership remains strong at over 90%, with some investors like Private Advisor Group LLC reducing their stakes recently. Insider ownership is low at 0.61%, with some senior executives selling shares. Despite some downward price target adjustments, Vulcan Materials holds a market cap of approximately $36.31 billion and maintains a generally positive outlook among most analysts. The company’s stock has experienced fluctuations but is considered a moderate buy with an average price target around $301.

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