RBC Capital Downgrades Vulcan Materials to Sector Perform, Raises Price Target to $236
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Mike Dahl has downgraded Vulcan Materials (NYSE:VMC) from Outperform to Sector Perform while slightly raising the price target from $235 to $236.

January 12, 2024 | 11:22 am
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Vulcan Materials was downgraded by RBC Capital from Outperform to Sector Perform, but the price target was increased from $235 to $236.
The downgrade to Sector Perform suggests that RBC Capital sees Vulcan Materials as having limited upside potential compared to its peers, which could temper investor enthusiasm in the short term. However, the increase in the price target, albeit marginal, indicates a slight improvement in the expected performance of the stock. The mixed signals may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100