Martin Marietta price target raised to $577 from $544 at BofA

BofA raised the firm’s price target on Martin Marietta (MLM) to $577 from $544 and keeps a Neutral rating on the shares. The two leading aggregate companies – Vulcan Materials (VMC) and Martin Marietta – reported “strong” Q1 results and reaffirmed fiscal year guidance, notes the analyst. The positive price versus cost spread is “clear,” but there is an argument that “tariffs can EXTEND the favorable spread,” the analyst tells investors.