Martin Marietta price target raised to $405 from $389 at Raymond James

Raymond James analyst Patrick Tyler Brown raised the firm’s price target on Martin Marietta to $405 from $389 and keeps an Outperform rating on the shares. The firm says that while volume gyrates, Martin Marietta’s "value over volume" strategy does not, lending "durability" to the outlook for price, and that it continues to garner unique exposure in its Texas cement assets where conditions remain sold out, offering upside, the analyst tells investors in a research note.