JP Morgan Downgrades Martin Marietta Materials to Neutral, Raises Price Target to $470
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Adrian Heurta has downgraded Martin Marietta Materials (NYSE:MLM) from Overweight to Neutral, while raising the price target from $450 to $470.
July 06, 2023 | 9:29 am
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Martin Marietta Materials has been downgraded to Neutral from Overweight by JP Morgan, with a raised price target of $470.
The downgrade from JP Morgan could potentially lead to a short-term negative sentiment among investors, which might put downward pressure on the stock. However, the raised price target indicates a positive long-term outlook, which could offset the short-term impact.
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