Goldman Sachs analyst Jerry Revich upgraded Martin Marietta to Buy from Neutral with a price target of $428, up from $420. The analyst cites the company’s "inflecting price/cost," re-based cyclical expectations, and an attractive risk/reward with the stock down 25% over the past 15 months for the upgrade. Street estimates have been reduced by 22% over the past 15 months, and volume expectations are now at recessionary levels, the analyst tells investors in a research note.
Published first on TheFly
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