Truist lowered the firm’s price target on Martin Marietta to $670 from $700 but keeps a Buy rating on the shares. The analyst cites the company’s Q2 earnings miss on weather impacts, with guidance also being lowered primarily on the view that poor weather would continue for the rest of 2024. The firm maintains however that Martin Marietta and the industry could be headed to a very strong 2025 on the potential for make up volume.
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Read More on MLM:
- Martin Marietta Materials Q2 Financial Results and Webcast
- Martin Marietta cuts FY24 revenue view to $6.5B-$6.94B from $6.9B-$7.3B
- Martin Marietta reports Q2 cont ops EPS $4.76, consensus $5.36
- MLM Upcoming Earnings Report: What to Expect?
- Martin Marietta price target raised to $665 from $660 at Jefferies
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