Loop Capital analyst Garik Shmois initiated coverage of Martin Marietta with a Hold rating and $288 price target. The analyst notes that the company has had a "solid" 2019 and the outlook for its next several years looks "directionally positive" on mid-single-digit growth potential in infrastructure and residential business. However, Shmois also sees these prospects as a "consensus call" and prefers to wait for a better entry point after a 60% run-up in Martin Marietta stock price in 2019, particularly given the company's likely tough comps in the early part of 2020.