KeyBanc Reinstates Coverage on Vulcan Materials Company (VMC) at Hold; Fundamentals Remain Challenging

KeyBanc reinstates coverage on Vulcan Materials Company (NYSE: VMC) with a Hold.

KeyBanc analyst says, "We think VMC has a good overall portfolio of construction material businesses, albeit cyclically depressed, led by its aggregate operations. The Company's focus on reducing costs should provide solid operating leverage on incremental volume, but investor patience is warranted as we do not believe a strong recovery in demand will be a near-term catalyst, and higher debt leverage than in the past will also likely delay earnings for now."

For more ratings news on Vulcan Materials Company click here and for the rating history of Vulcan Materials Company click here.

Shares of Vulcan Materials Company closed at $35.20 yesterday.

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