Vulcan will pay 52 cents per share on Nov. 24

U.S. housing starts fell 9% in September to 1.221M units, missing estimates of 1.305M, according to Truist. Multi-family starts dropped 28% year-over-year, while single-family starts rose 2%. Permits and completions also declined. The data impacts building products and homebuilder stocks.

JP Morgan maintained a Neutral rating on Vulcan Materials (VMC) but lowered its price target to $300 from $320. VMC is trading at $243.66, 15% below its GF Value of $286.82, suggesting undervaluation. The company has a strong GF Score of 90, but insider selling and cautious analyst sentiment may warrant caution.

RBC Capital reduced its price target for Vulcan Materials (VMC) to $256 from $300, citing cost inflation, geopolitical uncertainty, and weather challenges. The firm maintains a Sector Perform rating. Other analysts have also lowered their price targets for VMC recently.

Vulcan Materials' shares declined after Wells Fargo downgraded the stock to Underweight from Equalweight, lowering its price target to $254 from $305. The company's shares have fallen 5.32% in the past year and 12.39% over five days.

The International Centre for Settlement of Investment Disputes ruled that Mexico violated international law in its treatment of Vulcan Materials Company, finding the government's actions arbitrary and discriminatory. The decision contradicts Mexico's claims of environmental enforcement and highlights the potential risks for U.S. businesses operating in Mexico. Vulcan has a history of environmental stewardship and received awards for its efforts. The ruling does not cover all disputes, and furthe

Wells Fargo's Timna Tanners downgraded Vulcan Materials (VMC) to Underweight, cutting the target to $254. BMO's John McNulty downgraded Westlake (WLK) to Market Perform, reducing the target to $82. Tanners also downgraded Amrize (AMRZ) and Eagle Materials (EXP), lowering their targets to $44 and $196, respectively.