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Fly News Breaks for June 6, 2019
MLM
Jun 6, 2019 | 08:05 EDT
As previously reported, DA Davidson analyst Brent Thielman upgraded Martin Marietta to Buy and raised his price target to $260 from $210. The analyst says that after multiple years of underperformance by the company's "largest end use" public market, he is now turning more optimistic on its performance thanks to the "sustained and broader improvement in transportation lettings and other public sectors." Thielman adds that the improvement should translate into higher earnings and guidance, supporting Martin Marietta stock over the next 12-18 months.
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