JP Morgan Downgrades Eagle Materials to Underweight, Raises Price Target to $190
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Adrian Huerta has downgraded Eagle Materials (NYSE:EXP) from Neutral to Underweight and raised the price target from $155 to $190.
July 06, 2023 | 9:31 am
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Eagle Materials has been downgraded to Underweight from Neutral by JP Morgan, with a raised price target of $190.
The downgrade from JP Morgan could potentially lead to a decrease in the stock price of Eagle Materials in the short term. The raised price target, however, indicates a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100