Martin Marietta price target raised to $650 from $615 at Stephens

Stephens raised the firm’s price target on Martin Marietta (MLM) to $650 from $615 and keeps an Overweight rating on the shares. Q1 results were in-line with the company’s pre-release from earlier this month, but further details on pricing and unit profitability came in well-above expectations, the analyst tells investors. The firm is “encouraged by the impressive profitability improvement” and expects price-cost to continue to trend favorably on both fronts, especially with easier comps moving through calendar year 2025, the analyst tells investors.