Martin Marietta price target lowered to $615 from $630 at RBC Capital

RBC Capital analyst Anthony Codling lowered the firm’s price target on Martin Marietta (MLM) to $615 from $630 and keeps a Sector Perform rating on the shares. The firm cites the company’s Q1 earnings tone as “very positive,” noting that in the face of geopolitical uncertainty and cost challenges, the necessity of Martin’s products, combined with its North American-only market exposure, has led to market conditions where prices and volumes are both rising, the analyst tells investors in a research note.