Martin Marietta price target lowered to $650 from $675 at Stephens

Stephens lowered the firm’s price target on Martin Marietta (MLM) to $650 from $675 and keeps an Overweight rating on the shares. Q3 sales were below expectations and calendar year 2025 sales and EBITDA guidance was slightly below expectations at the midpoint, the analyst tells investors. However, the firm views the guidance as “very reasonable” and is “encouraged” by the double-digit unit profitability growth expectation for 2025, the analyst added.