Texas Industries Rating Lowered to Neutral at Longbow Research (TXI)
Texas Industries (NYSE:TXI) was downgraded by equities research analysts at Longbow Research from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Sidoti downgraded shares of Texas Industries from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 16th. Finally, analysts at Zacks downgraded shares of Texas Industries from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 15th. They now have a $67.50 price target on the stock. Six investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of $58.50.
Texas Industries (NYSE:TXI) opened at 68.78 on Thursday. Texas Industries has a 1-year low of $51.28 and a 1-year high of $75.30. The stock has a 50-day moving average of $60.84 and a 200-day moving average of $61.14. The company has a market cap of $1.968 billion and a P/E ratio of 71.49.
Texas Industries, Inc is a supplier of heavy construction materials in the southwestern United States.
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