JP Morgan Maintains Neutral on Martin Marietta Materials, Lowers Price Target to $515
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Adrian Heurta maintains a Neutral rating on Martin Marietta Materials (NYSE:MLM) and lowers the price target from $560 to $515.
October 09, 2024 | 8:45 pm
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NEGATIVE IMPACT
JP Morgan has maintained a Neutral rating on Martin Marietta Materials but lowered the price target from $560 to $515, indicating a less optimistic outlook.
The lowering of the price target by JP Morgan suggests a less optimistic view on Martin Marietta Materials' future performance, which could lead to a short-term negative impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100