BUZZ-B Riley initiates coverage on Vulcan Materials with 'buy'

Reuters01-16
BUZZ-B Riley initiates coverage on Vulcan Materials with 'buy'

** B. Riley begins coverage on construction supplies firm Vulcan Materials VMC.N with "buy"; sets PT at $345

** PT is a 14.3% upside to stock's last close

** Says VMC well-placed for infrastructure-driven growth, aided by ample M&A firepower and margin tailwinds from portfolio rejig

** Adds VMC's outlook is strengthening as federal and state infrastructure spending ramps up across key markets

** Incoming CEO Ronnie Pruitt starts in January with ample cash for M&A; 2026 guidance expected to show stronger margins after portfolio reset - Brokerage

** 17 of 25 brokerages rate the stock "buy" or higher and 8 "hold"; median PT is $328.50 - data compiled by LSEG

** VMC rose 10.9% in 2025

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))

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