Martin Marietta initiated with a Sector Perform at RBC Capital

RBC Capital initiated coverage of Martin Marietta (MLM) with a Sector Perform rating and $515 price target Martin Marietta is a U.S. aggregates-led building materials company supplying crushed stone, sand and gravel through its network of approximately 390 quarries, mines and distribution yards across 28 U.S. states, Canada and the Bahamas, the analyst tells investors in a research note. RBC says the company’s “resilience is well known,” and given the current market circumstances it believes the shares are fairly valued.