JP Morgan Maintains Neutral on Eagle Materials, Lowers Price Target to $200
JP Morgan analyst Adrian Huerta maintains Eagle Materials (NYSE:EXP) with a Neutral and lowers the price target from $225 to $200.
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Top 3 Materials Stocks That Are Preparing To Pump This Month
International Paper, Mosaic and Eagle Materials are among the materials sector’s most oversold stocks, with RSI readings below 30.
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RBC Capital Maintains Sector Perform on Eagle Materials, Lowers Price Target to $170
RBC Capital analyst Anthony Codling maintains Eagle Materials (NYSE:EXP) with a Sector Perform and lowers the price target from $219 to $170.
Truist Securities Maintains Hold on Eagle Materials, Lowers Price Target to $165
Why International Paper Rallied Today
International Paper stock rallied 7.6% on reports that two private equity firms may bid for its European business (DS Smith). The potential sale, estimated at less than $6 billion—a 40% loss from the $9.9 billion purchase price in 2024—would help reduce the company's $8.5 billion net debt burden. However, the struggling North American segment shows declining revenue and operating income, suggesting the rally may be temporary relief rather than a sign of fundamental improvement.
International Paper Weighs Sale Of EMEA Packaging Business Alongside Planned Spin-Off That Was Expected To Be Effected Through A Listing Of The Business On The LSE With A Level II ADR Program To Be Listed On The NYSE
International Paper shares are trading higher after reports suggesting that private equity firms Lone Star and Atlas Holdings are preparing separate offers for the company's European packaging business.