KeyBanc Reinstates Coverage on Texas Industries (TXI) at Hold; Build First, Find Demand Later

KeyBanc reinstates coverage on Texas Industries (NYSE: TXI) with a Hold.

KeyBanc analyst says, "We think favorable long-term demographic trends in Texas and California support TXI's ongoing capacity expansions in today's oversupplied markets in time, but low demand growth hinders meaningful upside near term. Large shareholder interest is a positive investment consideration into 2012 and offers some valuation support despite limited near-term demand."

For more ratings news on Texas Industries click here and for the rating history of Texas Industries click here.

Shares of Texas Industries closed at $35.04 yesterday.

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