Wolfe Research analyst Timna Tanners upgraded Martin Marietta (MLM) to Outperform from Peer Perform with a $563 price target While the firm remains wary of elevated interest rates hurting construction demand on a lag and inflation continuing to eat into spending, it identifies Martin Marietta as its favored name in its building materials coverage after shares fell about 16% since the firm’s prior downgrade in March. The firm’s 2025 EBITDA estimate of $2.40B is modestly above consensus of $2.35B, the analyst noted.
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Read More on MLM:
- Martin Marietta upgraded to Outperform from Peer Perform at Wolfe Research
- Martin Marietta price target lowered to $600 from $701 at Citi
- Martin Marietta price target lowered to $622 from $657 at Morgan Stanley
- Martin Marietta upgraded to Buy from Hold at HSBC
- Martin Marietta downgraded to Neutral from Outperform at Exane BNP Paribas