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Eagle Materials Shares Underperforming Following Concerning Comments from Cleveland Research

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Shares of USG (NYSE: USG) and Eagle Materials (NYSE: EXP) are down 6.5 percent and 3 percent, respectively, Monday afternoon following some earlier comments from an analyst at Cleveland Research.

The analyst warned of a possible slowdown in wallboard price increases during 2013. These increases could have been reduced by half with the latest round of weakness in eastern US, according to the firm. This input could be more favorable for Eagle than USG.

Latest Ratings for USG

DateFirmActionFromTo
Jun 2017Credit SuisseInitiates Coverage OnUnderperform
Apr 2017NomuraInitiates Coverage OnNeutral
Mar 2017MacquarieDowngradesOutperformNeutral

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