JP Morgan Cuts Price Targets for Powell and Vulcan Materials
JP Morgan cut Powell Industries’ target to $250 from $300 a share and Vulcan Materials’ to $300 from $320, while keeping a Neutral rating.
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what happened
According to Newsmetry API, citing ratings actions from Benzinga, JP Morgan lowered its price target for Powell Industries to $250 a share from $300. The update was published on October 13, 2026, at 19:14 GMT.
For Vulcan Materials, JP Morgan set a $300-a-share target, down from $320. Benzinga also reported that the bank maintained its Neutral rating on the company. That update was published on October 13, 2026, at 19:26 GMT.
why it matters
The lower targets indicate a revised assessment of both companies by the analyst. Maintaining a Neutral rating on Vulcan Materials shows that the target reduction was not accompanied by a change in the overall recommendation.
instruments
sources
- Powell Industries Price Target Cut to $250.00/Share From $300.00 by JP Morgan — Newsmetry API, 13 October 2026 at 19:14 UTC
- Vulcan Materials Price Target Cut to $300.00/Share From $320.00 by JP Morgan — Newsmetry API, 13 October 2026 at 19:26 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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