Eagle Materials

J.P. Morgan is trimming its Eagle Materials Inc. (NYSE: EXP) 2012 estimates primarily “to reflect lower margins as higher fuel, freight, and fiber costs could offset any benefit from newly implemented price increases and continued cost-containment efforts,” J.P. Morgan writes. “Our new estimates...

Jefferies has upgrades Eagle Materials (NYSE: EXP) from Underperform to Hold and has raised the price target from $24 to $28.

Jefferies is out with its report today on Eagle Materials (NYSE: EXP), downgrading EXP from Hold to Underperform. In a report sent to clients, Jefferies notes, "Our unchanged price target of $24/share is 15% below the current share price. We are therefore downgrading our rating on the shares to...

Jefferies & Company has downgraded Eagle Materials (NYSE: EXP) from Hold to Underperform and maintains its $24 price target.

Morgan Keegan reports that 3Q10 trends in the housing market have slowed from trends experienced in 2Q10 due to the expiration of the tax credit and continued economic uncertainty that affected homeowner spending decisions. “With stimulus spending continuing to provide demand for basic materials,...