Martin Marietta price target lowered to $575 from $605 at RBC Capital

RBC Capital lowered the firm’s price target on Martin Marietta (MLM) to $575 from $605 and keeps a Sector Perform rating on the shares. The stock had a great run into Q4, but a miss on aggregates gross profit and initial FY2026 guidance were lower than the Street expected, driving a share price decline, the analyst tells investors in a research note. Guidance is likely to be raised once the Quikrete transaction has closed, the firm adds.