02:50 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 $67 to $195 on an EV/EBITDA of 9.6x our FY 26 (Mar.) EBITDA estimate, in line with EXP's five-year average forward EV/EBITDA, but a 29.4% discount to peers at an average of 13.6x. We cut our FY 26 EPS view by $0.59 to $13.85 and FY 27's by $1.20 to $15.26. We downgrade EXP to Sell from Buy due to concentrated exposure to vulnerable construction segments during synchronized deterioration. EXP's 35.1% gypsum wallboard exposure faces residential construction's collapse (spending down -6.7% Y/Y by May 2025), while repair & remodeling demand reversed from +12.7% growth in May 2024 to a -7.8% decline by May 2025, eliminating the historically defensive revenue stream. Infrastructure implementation failures undermine Heavy Materials prospects despite federal funding. Geographic concentration in immigration-impacted heartland states creates workforce disruption and wage pressures. High fixed costs across cement plants and wallboard facilities will pressure margins if volumes decline.