** J.P. Morgan lowers PTs for U.S. construction materials companies
Company New PT Old PT Median PT -
LSEG data
Martin $580 $600 $660
Marietta
Materials
Vulcan $255 $270 $300
Materials
Eagle $230 $265 $270
Materials
Summit $42 $47 $50
Materials
** Brokerage says its concerns on sector margins and lower-than-expected demand are materializing, citing worse-than-expected weather
** However, sees resilience from residential and light non-residential demand
** YTD, MLM had risen 8%, VMC up 7.8%, EXP up 6.3% and SUM down 5.8%
(Reporting by Aatreyee Dasgupta)
((Aatreyee.Dasgupta@thomsonreuters.com))
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