Jefferies Maintains a 'Buy' on Vulcan Materials (VMC); Substantial Recovery Potential and Possible Synergies With MLM

Jefferies maintains a 'Buy' on Vulcan Materials (NYSE: VMC) price target raised from $50 to $51.

Jefferies anayst says, "Our price target of $51 is 18% above the current share price. It reflects the attractive asset base of Vulcan, the cyclical recovery potential in shipments, and likely further real price increases. Martin Marietta’s (NYSE: MLM)(Buy) share exchange offer values the shares slightly higher at $53.5 based on our MLM price target, and could result in substantial synergies."

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

Shares of Vulcan Materials closed at $43.86 yesterday.

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