ABG Sundal CollierがDemantを「買い」に格上げ、目標株価を引き上げ

Research Alert: Vmc Q1: Beats Across The Board Led By Increases In Volumes And Pricing

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Vulcan Materials delivered strong Q1 2026 results with adjusted EPS of $1.35 (+35% Y/Y, +22.4% vs. consensus) and adjusted EBITDA of $447M (+8.8%, +7.9% vs. consensus). Total revenues grew 7.4% to $1,756M (+8.1% vs. consensus), underpinned by 5% aggregates volume growth and 4% pricing gains. The aggregates strategy demonstrates effectiveness with unit profitability enhancement, as cash gross profit per ton improved to $10.93 despite cost pressures. Management reaffirmed 2026 adjusted EBITDA guidance of $2.4B-$2.6B, citing healthy demand fundamentals and strong execution momentum. Portfolio optimization includes Houston asphalt divestiture and pending California ready-mix sale, aligning with the strategy to focus on higher-return aggregates opportunities. We believe the company's robust balance sheet with 1.9x debt-to-EBITDA ratio and $217M returned to shareholders demonstrates balanced capital allocation, while strong financial flexibility supports continued value creation.

Kodiak Copper, Teck Subsidiary, to Create U.S.-Focused Copper Exploration Company

Kodiak Copper (KDK.V) on Wednesday signed a non-binding letter of intent (LOI) with Teck Resources (TECK-B.TO) unit Teck American, and privately-held Kay Copper to form a new copper-exploration company.Kodiak is selling its Mohave project, and Teck, its Copper Hill project, both in Arizona, into a subsidiary of Kay Copper to create a U.S.-focused copper-exploration company that would list on the TSX Venture Exchange. Kodiak Copper and Teck would each have a 28% equity stake in the company, a statement said.The new company also intends to raise $4.0 million through a subscription receipt financing at $0.25 per share. Proceeds will fund exploration work to materially advance both projects in 2026.The company will be led by Adam Schatzker as chief executive officer. Schatzker was most recently vice president, corporate development at Canada Nickel Company (CNC.V).Kodiak Copper shares were last seen up $0.01 to $0.91 on the TSX Venture Exchange.Price: $0.91, Change: $+0.01, Percent Change: +1.11%

Brief: Bank of Canada Governor's Press Conference Ends