Wells Fargo & Company Has Lowered Expectations for Eagle Materials (NYSE:EXP) Stock Price

Wells Fargo & Company has lowered its price target for Eagle Materials (NYSE:EXP) from $240 to $231, while maintaining an "overweight" rating. This adjustment comes after Eagle Materials reported mixed Q1 results, with revenue exceeding expectations but EPS falling short at $3.29 versus consensus of $3.37. The stock dropped 3% to $203.54, and analyst sentiment generally remains cautious, with a consensus "Hold" rating and an average price target of $223.44.