Goldman Sachs Upgrades Vulcan Materials Company (VMC) to Neutral
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Price: $276.04 +1.98%
Rating Summary:
20 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
20 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs upgraded Vulcan Materials Company (NYSE: VMC) from Sell to Neutral with a price target of $29.00.
The firm notes that consensus estimates have been revised sharply lower, the dividend has been cut, and Vulcan has pledged collateral for its secured credit facility.
Goldman raised 2011/2012/2013 EPS to ($0.94)/($0.70)/($0.12) up from ($0.98)/($0.74)/($0.22).
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 $32.12 yesterday.
The firm notes that consensus estimates have been revised sharply lower, the dividend has been cut, and Vulcan has pledged collateral for its secured credit facility.
Goldman raised 2011/2012/2013 EPS to ($0.94)/($0.70)/($0.12) up from ($0.98)/($0.74)/($0.22).
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 $32.12 yesterday.
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