Sterne Agee Initiates Coverage on Several Building Equipment & Chemical Stocks; Downgrades Ingersoll-Rand Plc (IR)

This morning, Sterne Agee, initiated coverage on several Building Equipment & Chemical stocks including:

Albemarle (NYSE: ALB) (PT $65), A.O. Smith (NYSE: AOS) (PT $48), Martin Marietta Materials (NYSE: MLM) (PT $90), Astec Industries (Nasdaq: ASTE) (PT $40), EnPro Industries (NYSE: NPO) (PT $45) and Watts Water Technologies (NYSE: WTS) (PT $44) with 'Buy' ratings.

Sterne Agee starts coverage on Eagle Materials Inc. (NYSE: EXP), CEMEX (NYSE: CX), NewMarkets (NYSE: NEU), and Amcol International (NYSE: ACO) with 'Neutral' ratings.

USG Corporation (NYSE: USG) (PT $8) and Texas Industries (NYSE: TXI) (PT $22) initiated with 'Underperform' ratings.

Also, Sterne Agee downgrades Ingersoll-Rand Plc (NYSE: IR) from Buy to Neutral.

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