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Fly News Breaks for October 26, 2016
MLM, VMC
Oct 26, 2016 | 07:45 EDT
As noted earlier, SunTrust analyst Rohit Seth upgraded Vulcan Materials (VMC) to Buy from Hold. The analyst thinks that the stock has multiple positive catalysts, including a positive outlook for infrastructure spending, "solid industry fundamentals," and the possibility that Hillary Clinton will increase infrastructure spending. Additionally, he says that expectations for the company have moderated due to "transitory issues." Target to $129 from $110. Seth also upgraded Martin Marietta (MLM) to Buy from Hold today.
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