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Citi expects potential for downside revisions to Vulcan Materials FY outlook, lowers PT

BUZZ-Citi expects potential for downside revisions to Vulcan Materials FY outlook, lowers PT ** Citi lowers PT for constructions company Vulcan Materials VMC.N to $297 from $322 ** Brokerage said, "We see potential for modest downside revisions to VMC's FY guide as fully recovering from a softer 1H may prove challenging" ** Citi expects VMC could forecast FY aggregates volumes to the lower end of its prior range, but doesn't expect the wet weather to severely hamper pricing in Q2, and models agg
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Mexico mining investment seen stable at $5 billion in 2024, says industry group

UPDATE 1-Mexico mining investment seen stable at $5 billion in 2024, says industry group Adds detail from presentation, context MEXICO CITY, July 10 (Reuters) - Mining investment in Mexico should remain largely stable in 2024 compared to last year at around $5 billion but new regulation could hamper the development of new mining projects, the country's Camimex mining chamber said on Wednesday.
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U.S. STOCKS Gold miners, Nikola, Cruise stocks

BUZZ-U.S. STOCKS ON THE MOVE-Gold miners, Nikola, Cruise stocks Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Chip stocks boosted the Nasdaq on Monday, while the S&P 500 and the Dow edged lower as investors awaited a key inflation reading, commentary from Federal Reserve Chair Jerome Powell and the start of corporate earnings season for monetary policy cues.
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U.S. STOCKS Ally Financial, Ideaya Biosciences, Brinker

BUZZ-U.S. STOCKS ON THE MOVE-Ally Financial, Ideaya Biosciences, Brinker Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The Nasdaq and the S&P 500 hit record highs on Monday, while the Dow scaled a more than one-month high as investors awaited a key inflation report, Congressional testimony from Federal Reserve Chair Jerome Powell and the start of earnings season this week.
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JP Morgan sees weak Q2 for US construction materials companies, lowers PTs

BUZZ-JP Morgan sees weak Q2 for US construction materials companies, lowers PTs ** J.P. Morgan lowers PTs for U.S. construction materials companies Company New PT Old PT Median PT - LSEG data Martin Marietta Materials MLM.N $580 $600 $660 Vulcan Materials VMC.N $255 $270 $300 Eagle Materials EXP.N $230 $265 $270 Summit Materials SUM.N $42 $47 $50 *
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