Monday, December 19, 2005

Vulcan on fire

Vulcan Materials is getting the star treatment from stock-market analysts. Shares of the company's stock rose 6 percent last week following an upgrade by JPMorgan, which cited a strong U.S. construction market and other factors. JPMorgan lifted its rating to "Overweight" from "Neutral" and boosted its price target to $82 from $74, In a research report, analyst Mike Betts said he believes the United States is the most attractive market for construction aggregates in terms of highest long-term volume growth and pricing outlook. Hmmmm, maybe he's never heard of China. Your comment?