JPMorgan raised the firm’s price target on Martin Marietta (MLM) to $700 from $670 and keeps a Neutral rating on the shares following the Q3 report. The firm upped EBITDA estimates, saying Martin called out a broad volume recovery in the quarter, supported by more normalized weather in the Southeast and Texas with infrascture spending remaining robust.
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Read More on MLM:
- Martin Marietta price target raised to $723 from $705 at UBS
- Martin Marietta Materials: Strong Q3 Performance and Strategic Asset Swap Drive Buy Rating
- Martin Marietta price target lowered to $690 from $700 at DA Davidson
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- Martin Marietta’s Earnings Call Highlights Record Growth
