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Fly News Breaks for March 3, 2020
MLM
Mar 3, 2020 | 06:13 EDT
BofA analyst Timna Tanners upgraded Martin Marietta to Buy from Neutral with an unchanged $280 price target. The analyst believes that the recent selloff overstates the risks given the improvement in U.S. construction industry, noting that investors should also look through the potentially soft Q1 due to rains in Georgia/Carolinas since the quarter is seasonally weak for aggregates. Tanners adds that Martin Marietta guidance for 2020 seems conservative.
News For MLM From the Last 2 Days
MLM
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.
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