Jefferies Upgrades Eagle Materials (EXP) to Buy
Tweet
Share
E-mailGet Alerts EXP Hot Sheet
Price: $205.62 +0.98%
Rating Summary:
7 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 19 | New: 38
Rating Summary:
7 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 19 | New: 38
Join SI Premium – FREE
Jefferies upgraded Eagle Materials (NYSE: EXP) from Hold to Buy with a price target of $27 (down from $28).
The firm comments, "The shares are significantly undervalued in our view, although signs of an upturn in the US housing market will probably be required for a sustained recovery in the share price. The main recovery potential is in Eagle's wallboard business, but there is also significant potential in its other businesses."
For more ratings news on Eagle Materials click here and for the rating history of Eagle Materials click here.
Shares of Eagle Materials closed at $19.22 yesterday.
The firm comments, "The shares are significantly undervalued in our view, although signs of an upturn in the US housing market will probably be required for a sustained recovery in the share price. The main recovery potential is in Eagle's wallboard business, but there is also significant potential in its other businesses."
For more ratings news on Eagle Materials click here and for the rating history of Eagle Materials click here.
Shares of Eagle Materials closed at $19.22 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies Upgrades Leonardo Spa (LDO:IM) (FINMY) to Buy
- Goldman Sachs Upgrades Toast Inc. (TOST) to Buy
- CFRA Upgrades Akamai Technologies (AKAM) to Buy
Create E-mail Alert Related Categories
UpgradesRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
