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Fly News Breaks for November 15, 2018
MLM
Nov 15, 2018 | 08:12 EDT
SunTrust analyst Rohit Seth lowered his price target on Martin Marietta to $205 to reflect the reduced industrial and market multiples as well as his realization that its valuation may not "return to former glory". The analyst maintains his Buy rating on the stock however, citing the positive seasonality around construction materials, more muted analyst expectations, and a steadily improving industry data with higher construction spending and a recovery in cement shipments.
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