Jefferies Upgrades Texas Industries (TXI) to Buy
Tweet
Share
E-mailGet Alerts TXI Hot Sheet
Price: $92.10 --0%
Rating Summary:
0 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
0 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Jefferies upgraded Texas Industries (NYSE: TXI) from Hold to Buy with a price target of $39 (down from $43).
The firm states, "Although we are reducing our EBITDA and EPS estimates, we continue to expect both cyclical recovery and high long-term growth rates in TXI’s major markets of Texas and California. TXI also has strong asset backing, with modern cement capacity in Texas and California, which we estimate has a replacement cost equating to around $66 per share.
FY12 EPS goes from ($0.61) to ($1.42) and FY13 EPS from $0.40 to ($0.98).
For more ratings news on Texas Industries click here and for the rating history of Texas Industries click here.
Shares of Texas Industries closed at $35.04 yesterday.
The firm states, "Although we are reducing our EBITDA and EPS estimates, we continue to expect both cyclical recovery and high long-term growth rates in TXI’s major markets of Texas and California. TXI also has strong asset backing, with modern cement capacity in Texas and California, which we estimate has a replacement cost equating to around $66 per share.
FY12 EPS goes from ($0.61) to ($1.42) and FY13 EPS from $0.40 to ($0.98).
For more ratings news on Texas Industries click here and for the rating history of Texas Industries click here.
Shares of Texas Industries closed at $35.04 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wells Fargo Upgrades Portland General Electric Company (POR) to Overweight
- Freedom Broker Upgrades Walmart (WMT) to Buy
- Baird Upgrades Parsons Corp. (PSN) to Outperform
Create E-mail Alert Related Categories
UpgradesRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
