Citi analyst Anthony Pettinari raised the firm’s price target on Martin Marietta to $635 from $573 and keeps a Buy rating on the shares. The company reported a Q4 beat and offered an upbeat view for 2024, the analyst tells investors in a research note. Cement price hikes are more of an April event, although management conviction around 2024 pricing remains high, the analyst tells investors in a research note.
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Read More on MLM:
- Martin Marietta price target raised to $575 from $550 at BofA
- Martin Marietta Materials Announces 2023 Earnings Results
- Martin Marietta Reports Fourth-Quarter and Full-Year 2023 Results
- Martin Marietta sees FY24 revenue $6.745B-$7.185B, consensus $7.33B
- Martin Marietta reports Q4 EPS $4.63, consensus $3.99
