B. Riley upgraded Martin Marietta (MLM) to Buy from Neutral with an unchanged price target of $700. The firm cites valuation for the upgrade with the shares down 16% from the all-time high in February. The selloff “has created the entry point we were waiting for,” the analyst tells investors in a research note. Riley says the stock has been caught in the “broad-based risk-off selling triggered by the Iran war and the associated energy price shock.”
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MLM:
- Martin Marietta upgraded to Buy from Neutral at B. Riley
- Martin Marietta price target lowered to $640 from $675 at Barclays
- Martin Marietta price target lowered to $702 from $706 at Morgan Stanley
- Martin Marietta price target raised to $804 from $780 at Citi
- Martin Marietta price target raised to $785 from $761 at Jefferies