DA Davidson Cuts Eagle Materials Price Target to $210, Cites Soft Wallboard Market
DA Davidson lowered its 12-month price objective for Eagle Materials (NYSE: EXP) from $225.00 to $210.00 while keeping a Neutral rating. The firm points to ongoing weakness in wallboard demand and prices, a trend that has driven multiple analyst earnings downgrades and coincides with a recent quarterly earnings shortfall and modest revenue miss.