Stifel raised the firm’s price target on Martin Marietta (MLM) to $637 from $609 and keeps a Buy rating on the shares. The firm believes the recently announced Quikrete deal diversifies the footprint and sees opportunity for Martin to deploy the “value over volume” strategy across Quikrete’s aggregate footprint where pricing is lower than Martin’s corporate average, the analyst tells investors in a post-Q2 note.
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