JP Morgan Downgrades Vulcan Materials to Neutral, Raises Price Target to $230
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Adrian Huerta has downgraded Vulcan Materials (NYSE:VMC) from Overweight to Neutral, while raising the price target from $215 to $230.
July 06, 2023 | 9:30 am
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NEUTRAL IMPACT
Vulcan Materials has been downgraded to Neutral from Overweight by JP Morgan, but the price target has been raised to $230.
The downgrade to Neutral suggests that JP Morgan sees limited upside potential for Vulcan Materials in the near term. However, the raised price target indicates that the analyst still sees some value in the stock. This could lead to a neutral or slightly positive reaction in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100