Market Overview

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

Share:
Related WMC
UPDATE: Compass Point Downgrades Western Asset Mortgage Capital to Neutral on Valuation
UPDATE: Deutsche Bank Reiterates Buy Rating, Lowers PT on Western Asset Mortgage Capital

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
Jul 2017JMP SecuritiesInitiates Coverage OnMarket Perform
Jan 2017WunderlichDowngradesBuyHold
Aug 2016CitigroupMaintainsNeutral

View More Analyst Ratings for wmc
View the Latest Analyst Ratings

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

 

Related Articles (wmc)

View Comments and Join the Discussion!