Raymond James analyst Patrick Tyler Brown raised the firm’s price target on Martin Marietta (MLM) to $645 from $600 and keeps an Outperform rating on the shares. Martin Marietta’s volume trajectory faces uncertainty from hazy residential and light non-residential markets, Raymond James likes the momentum in heavy non-residential and public spending driven by the Infrastructure Investment and Jobs Act and healthy state DoT budgets, the analyst tells investors in a research note.
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