Jefferies Increases TXI EPS Estimates

Jefferies has increased their EPS estimates for Texas Industries (NYSE: TXI).

According to the report, "Following better than expected Q3 results, we are increasing our EPS estimate for both this year and FY2012, but we still expect TXI to remain loss-making during this period. Our price target remains at $43 and as it is only in-line with the current share price we are maintaining a Hold rating on the shares."

TXI has a Hold Rating and a $43.00 Price Target.

TXI traded for $43.45 at closing yesterday.