JPMorgan raised the firm’s price target on Martin Marietta (MLM) to $700 from $670 and keeps a Neutral rating on the shares following the Q3 report. The firm upped EBITDA estimates, saying Martin called out a broad volume recovery in the quarter, supported by more normalized weather in the Southeast and Texas with infrascture spending remaining robust.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MLM:
- Martin Marietta price target raised to $723 from $705 at UBS
- Martin Marietta Materials: Strong Q3 Performance and Strategic Asset Swap Drive Buy Rating
- Martin Marietta price target lowered to $690 from $700 at DA Davidson
- Martin Marietta Reports Record Third-Quarter Results
- Martin Marietta’s Earnings Call Highlights Record Growth