UPDATE: Sterne Agee Upgrades Eagle Materials to Buy on Overdone Pullback
Sterne Agee upgraded Eagle Materials (NYSE: EXP) from Neutral to Buy and announced a $70.00 price target.
Sterne Agee commented, "We are upgrading EXP to Buy from Neutral and setting a 12-month target of $70 (though we believe the stock could reach the $80s in the next 2-3 years). Following a significant pullback in the past few days, we find the shares of one of the highest-quality names in the U.S. construction materials space to be attractively valued, and are responding accordingly."
Eagle Materials closed at $61.05 on Thursday.
Latest Ratings for EXP
|Oct 2014||Stifel Nicolaus||Upgrades||Hold||Buy|
|Nov 2013||DA Davidson||Upgrades||Neutral||Buy|
|May 2013||Sterne Agee||Maintains||Buy|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.