tiprankstipranks
Seaport starts Vulcan, Summit and Martin Marietta at Neutral, waiting for trough
The Fly

Seaport starts Vulcan, Summit and Martin Marietta at Neutral, waiting for trough

As previously reported, Seaport Global analyst Rohit Seth initiated coverage of Vulcan Materials (VMC), Summit Materials (SUM) and Martin Marietta (MLM), all with Neutral ratings, as the firm expresses a neutral view on construction materials stocks given its belief that the stocks will be range bound as investors assess the impact of a cyclical downturn in residential and spill over to nonresidential sales. Both end markets are "falling from tall peaks with uncertain paths back" and with construction markets losing momentum, the firm "would wait for the trough."

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on VMC:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles