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Fly News Breaks for October 11, 2018
MLM
Oct 11, 2018 | 09:10 EDT
DA Davidson analyst Brent Thielman lowered his price target on Martin Marietta to $200 and kept his Neutral rating, also lowering his FY18 EPS view to $8.74 from $9.35 and FY19 view to $10.63 from $11.50. The analyst cites the "anticipated weather-related headwinds in the quarter", particularly in Texas and also the select Midwest/Mid-Atlantic markets. Thielman adds that along with the project delays in related territories and the increases in variable costs, his prior forecasts were likely "too optimistic".
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