Market Overview

UPDATE: Goldman Sachs Initiates Vulcan Materials Company at Neutral on Limited Upside

Related VMC
Earnings Scheduled For February 4, 2016
Benzinga's M&A Chatter for Wednesday September 16, 2015
Vulcan Materials' (VMC) CEO Tom Hill on Q4 2015 Results - Earnings Call Transcript (Seeking Alpha)

Goldman Sachs initiated Vulcan Materials Company (NYSE: VMC) with a Neutral rating and a $55.00 price target.

Goldman Sachs commented, "We now have a Neutral rating on VMC with a $55 12-month price target. We are constructive on VMC's cost reduction initiatives and see modest upside to consensus estimates (+3%) driven by strong private construction growth. However, we see an extended path to mid-cycle earnings power for VMC's downstream product lines and key regions and not enough upside to our undiscounted mid-cycle value of $61 in 2016-17E."

Vulcan Materials Company closed at $50.58 on Wednesday.

Latest Ratings for VMC

Aug 2015DA DavidsonUpgradesUnderperformNeutral
Aug 2015SusquehannaMaintainsPositive
May 2015RBC CapitalMaintainsOutperform

View More Analyst Ratings for VMC
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Initiation Analyst Ratings


Related Articles (VMC)

View Comments and Join the Discussion!

Get Benzinga's Newsletters