Jefferies Downgrades Eagle Materials (EXP) to Hold

Jefferies downgraded Eagle Materials (NYSE: EXP) from Buy to Hold with a price target of $27, saying shares are fully valued.

"The share price is already discounting in our view the recent improvement in the US housing market and the improved outlook for US wallboard prices," the firm comments.

For an analyst ratings summary and ratings history on Eagle Materials click here. For more ratings news on Eagle Materials click here.

Shares of Eagle Materials closed at $29.41 yesterday.

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