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UPDATE: KeyBanc Capital Markets Downgrades Vulcan Materials to Hold on Full Valuation

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KeyBanc Capital Markets reduced its rating on Vulcan Materials (NYSE: WMC) from Buy to Hold and removed its previous price target of $45 a share.

KeyBanc Capital Markets commented, "VMC continues to execute on improving its profitability and refocusing its business around its core aggregates operations, but for now we think valuation fairly reflects its 1) nascent recovery in cyclically depressed businesses, 2) resilient aggregates price power; 3) tight cost focus, and 4) improving balance sheet."

Vulcan Materials closed at $48.27 on Monday.

Latest Ratings for wmc

DateFirmActionFromTo
May 2015Deutsche BankMaintainsHold
May 2015Keefe Bruyette & WoodsMaintainsMarket Perform
Mar 2015Deutsche BankMaintainsHold

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Posted-In: KeyBanc Capital MarketsAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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