JPMorgan Chase & Co. Reiterates 'Underweight' Rating on Eagle Materials

Construction materials company's stock price target lowered to $215 from $230

Published on Feb. 24, 2026

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JPMorgan Chase & Co. has reissued its 'underweight' rating on shares of Eagle Materials (NYSE:EXP), a Dallas-based manufacturer of building materials. The investment bank also lowered its price target on the stock to $215 from the previous $230, citing concerns about the company's performance.

Why it matters

Eagle Materials is a major player in the construction materials industry, supplying products like cement, wallboard, and roofing granules to residential, commercial, and infrastructure projects across the United States. JPMorgan's downgrade and reduced price target could signal challenges ahead for the company and potentially impact the broader construction sector.

The details

In its report, JPMorgan Chase & Co. cited several factors behind the downgrade, including weaker-than-expected earnings reported by Eagle Materials in its most recent quarter. Other research analysts have also recently issued 'hold' or 'sell' ratings on the stock, with concerns around the company's outlook and valuation.

  • JPMorgan Chase & Co. published its report on Monday morning, February 19, 2026.
  • Eagle Materials last reported earnings on Thursday, January 29, 2026.

The players

JPMorgan Chase & Co.

A major global investment bank and financial services company.

Eagle Materials

A Dallas, Texas-based manufacturer of building materials including cement, wallboard, and roofing granules.

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The takeaway

JPMorgan Chase & Co.'s downgrade of Eagle Materials highlights the challenges facing the construction materials industry, as concerns around the company's earnings and outlook could signal broader headwinds for the sector.