HSBC Upgrades Martin Marietta Materials to Hold, Raises Price Target to $543
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Wesley Brooks upgraded Martin Marietta Materials (NYSE:MLM) from Reduce to Hold and increased the price target from $376 to $543, indicating a more positive outlook on the company's stock.
February 22, 2024 | 12:18 pm
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HSBC upgraded Martin Marietta Materials from Reduce to Hold and raised the price target from $376 to $543, showing increased confidence in the company's stock performance.
The upgrade from Reduce to Hold by HSBC, along with a significant increase in the price target, suggests a more optimistic view on Martin Marietta Materials' future stock performance. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100