US Construction Spending in October Rises 0.5%, Exceeding Consensus of 0.1%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: moomoo
Construction Spending Increase: U.S. construction spending rose by 0.5% in the latest report, indicating a slight upward trend in the sector.
Consensus Adjustment: The increase aligns with a consensus forecast that anticipated a 0.1% rise in construction spending.
Analyst Views on XHB
Wall Street analysts forecast XHB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XHB is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 114.840
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Current: 114.840
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
