Stifel Maintains Buy on Martin Marietta Materials, Raises Price Target to $598
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stanley Elliott has reaffirmed a Buy rating on Martin Marietta Materials (NYSE:MLM) and increased the price target from $510 to $598. This adjustment reflects a positive outlook on the company's stock.
December 19, 2023 | 3:46 pm
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POSITIVE IMPACT
Stifel analyst Stanley Elliott maintains a Buy rating on Martin Marietta Materials and raises the price target from $510 to $598, indicating a bullish outlook on the stock.
The increase in price target by Stifel suggests a strong conviction in the company's potential for stock price appreciation. This is likely to be viewed positively by investors and could lead to a short-term increase in the stock price, as analyst ratings and price targets are closely watched market indicators.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100