01:40 PM EDT, 07/15/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We cut our 12-month target price by $57 to $254 on an EV/EBITDA of 15.8x our FY 25 EBITDA estimate, a discount to VMC's five-year average forward EV/EBITDA of 16.4x but a premium to peers at an average of 12.0x. We lower our FY 25 EPS view by $0.41 to $8.17 and FY 26's by $0.17 to $9.77. We downgrade VMC to Hold from Buy due to infrastructure implementation delays limiting near-term upside despite strong fundamentals. Highway spending growth collapsed from 28.1% to -0.3% by May 2025 despite $1 trillion in IIJA funding, with $277.5 billion in announced but unpaid funding exposing execution bottlenecks. Immigration enforcement creates workforce constraints with wage inflation reaching 3.91% by June 2025, while total construction spending declined -3.5% Y/Y by May 2025. VMC's market leadership as the largest U.S. aggregates producer and eventual infrastructure deployment support long-term prospects, but current implementation challenges and premium valuation justify caution until policy execution accelerates.