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BofA/Merrill Lynch Starts Vulcan Materials Company (VMC) at Buy

October 9, 2014 6:54 AM EDT
Get Alerts VMC Hot Sheet
Price: $272.92 +0.05%

Rating Summary:
    18 Buy, 10 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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BofA/Merrill Lynch initiates coverage on Vulcan Materials Company (NYSE: VMC) with a Buy rating and a price target of $70.00.

Analyst Timna Tanners cited a positive view on its end markets and ability to improve its balance sheet ahead. The recent divestiture of lower-margin concrete assets refocuses it on its historical core aggregates business. Tanners also said the company continues to have attractive growth exposure via California and Texas markets.

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

Shares of Vulcan Materials Company closed at $57.99 yesterday.



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