Market Overview

UPDATE: Sterne Agee Upgrades Vulcan Materials Company to Buy on Attractive Growth Outlook, Valuation

Related VMC
Vulcan Materials Poised Well for 2014 - Analyst Blog
Will Fastenal (FAST) Turn It Around this Earnings Season? - Analyst Blog

In a report published Tuesday, Sterne Agee analyst Todd Vencil upgraded the rating on Vulcan Materials Company (NYSE: VMC) from Neutral to Buy, and named a $55.00 price target.

In the report, Vencil noted, “We are upgrading VMC from Neutral to Buy and setting a $55 target, implying ~20% upside, as we believe the company's end-market growth outlook and valuation are attractive, and we think the likelihood of several years of growth in U.S. construction trumps near-term macroeconomic concerns.”

Vulcan Materials Company closed on Monday at $45.59.

Posted-In: Sterne AgeeAnalyst Color Upgrades Analyst Ratings

 

Most Popular

Related Articles (VMC)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free