Raymond James Maintains Outperform on Eagle Materials, Lowers Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Patrick Tyler Brown has maintained an Outperform rating on Eagle Materials (NYSE:EXP) but lowered the price target from $193 to $170.
October 31, 2023 | 8:09 am
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Eagle Materials' price target has been lowered from $193 to $170 by Raymond James, though the Outperform rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Outperform rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100