JPMorgan analyst Adrian Huerta downgraded Martin Marietta (MLM) to Neutral from Overweight with a price target of $560, down from $640. The firm slightly lowered estimates and switched its construction materials preference to Vulcan Materials (VMC) from Martin Marietta. The analyst, however, still sees “an attractive 15% upside” in shares of Martin Marietta. JPMorgan cites reduced margin expectations for its estimate cuts.
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