Barclays analyst Adam Seiden raised the firm’s price target on Martin Marietta (MLM) to $675 from $600 and keeps an Overweight rating on the shares as part of a Q3 preview for the machinery and construction group. Inventories are improving across machinery, most notably in agriculture, the analyst tells investors in a research note. The firm sees an opportunity in some of the group’s relative laggards due to lower expectations.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MLM:
- Martin Marietta initiated with an Equal Weight at Wells Fargo
- Martin Marietta receives regulatory approval for Quikrete asset exchange
- Martin Marietta Extends Securitization Facility Maturity Date
- Martin Marietta Materials: Strong Growth Potential and Strategic Initiatives Reinforce Buy Rating
- Balanced Perspective on Martin Marietta Materials: Hold Rating Amidst Solid Business Model and Elevated Transaction Multiples