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Fly News Breaks for February 12, 2020
MLM
Feb 12, 2020 | 08:57 EDT
Citi analyst Anthony Pettinari lowered his price target for Martin Marietta Materials to $310 from $336 saying the company's miss in Q4 was driven by weaker than expected aggregates and asphalt gross margins. The analyst adds that while Martin's 2020 EBITDA guidance was light at the midpoint, he's encouraged by implied 2020 aggregates incremental margin guidance at or slightly above the company's long-term target of ~60%. He believes the aggregates margin headwinds will ease in 2020 and reiterates a Buy rating on Martin Marietta shares.
News For MLM From the Last 2 Days
MLM
Apr 15, 2024 | 14:41 EDT
MLM
Apr 15, 2024 | 07:29 EDT
Stifel raised the firm's price target on Martin Marietta to $650 from $621 and keeps a Buy rating on the shares. The firm's construction materials survey points to healthy trends and a continued robust pricing environment in Q1 and suggests 2024 outlooks provided by its construction materials coverage "remain achievable," the analyst tells investors.
