Analyst Angel Castillo from Morgan Stanley maintained a Buy rating on Martin Marietta Materials (MLM – Research Report) and keeping the price target at $622.00.
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Angel Castillo has given his Buy rating due to a combination of factors, including Martin Marietta Materials’ encouraging 2025 guidance and its better-than-expected performance in key areas. While the company reported a slight miss in some business segments, its overall 2025 outlook matched or exceeded expectations, especially in terms of aggregates volume and pricing growth. This indicates a level of confidence from management in achieving their targets, which is a positive sign for investors.
Furthermore, the company’s guidance for aggregates volume growth of 2.5% to 5.5% year-over-year is slightly more optimistic than previous projections and the market’s consensus. Coupled with their reiterated aggregates pricing growth forecast, these factors are expected to support, if not improve, market sentiment around the stock. Castillo believes that these elements of the company’s performance and outlook justify a Buy rating, as they suggest potential for favorable stock performance moving forward.
In another report released on February 11, Barclays also maintained a Buy rating on the stock with a $645.00 price target.
MLM’s price has also changed slightly for the past six months – from $525.110 to $517.140, which is a -1.52% drop .