JP Morgan Maintains Underweight on Eagle Materials, Raises Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Adrian Huerta maintains an Underweight rating on Eagle Materials (NYSE:EXP) and raises the price target from $190 to $200.

August 24, 2023 | 3:15 pm
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JP Morgan maintains an Underweight rating on Eagle Materials and raises the price target from $190 to $200.
The news is directly about Eagle Materials (EXP). JP Morgan's decision to maintain an Underweight rating suggests they believe the stock is overvalued or there are better opportunities elsewhere. However, the increase in price target from $190 to $200 indicates a positive outlook for the company's future performance. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100