Martin Marietta price target lowered to $610 from $655 at BofA

BofA lowered the firm’s price target on Martin Marietta (MLM) to $610 from $655 and keeps a Neutral rating on the shares. Machinery beats “are likely tough to come by in ’25” as there is a lack of tightness out there in equipment, commodities and end markets excluding data centers, the analyst tells investors in a 2025 preview note for the machinery, engineering and construction, and waste groups. However, BofA advises retaining some exposure as certain markets move back into balance, lead indicators “gradually perk up” and the story of 2025 ultimately shifts to “who can grow” in 2026.