Morgan Stanley Initiates Coverage On Martin Marietta Materials with Overweight Rating, Announces Price Target of $595
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Angel Castillo has initiated coverage on Martin Marietta Materials (NYSE:MLM) with an Overweight rating and set a price target of $595.
January 08, 2024 | 5:18 pm
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Morgan Stanley initiated coverage on Martin Marietta Materials with an Overweight rating and a price target of $595, indicating a positive outlook for the stock.
The initiation of coverage by Morgan Stanley with an Overweight rating suggests a bullish stance on the stock, which could lead to increased investor interest and a potential rise in the stock price in the short term. The price target of $595 implies a significant upside from current levels, further underlining the positive sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100