Citigroup Maintains Buy Rating for Vulcan Materials: Here's What You Need To Know

Citigroup has decided to maintain its Buy rating of Vulcan Materials VMC and lower its price target from $199.00 to $189.00.

Shares of Vulcan Materials are trading up 0.17% over the last 24 hours, at $157.76 per share.

A move to $189.00 would account for a 19.8% increase from the current share price.

About Vulcan Materials

Vulcan Materials is the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). Its largest markets include Texas, California, Virginia, Tennessee, Georgia, Florida, North Carolina, and Alabama. In 2021, Vulcan sold 222.9 million tons of aggregates, 11.4 million tons of asphalt mix, and 5.6 million cubic yards of ready-mix. As of Dec. 31, 2021, the company had nearly 16 billion tons of aggregates reserves.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.