Jefferies Maintains Buy on Martin Marietta Materials, Lowers Price Target to $635
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Philip Ng maintains a Buy rating on Martin Marietta Materials (NYSE:MLM) but lowers the price target from $650 to $635.
October 09, 2024 | 8:59 pm
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Jefferies analyst Philip Ng maintains a Buy rating on Martin Marietta Materials but lowers the price target from $650 to $635, indicating a slight adjustment in expected valuation.
The Buy rating suggests continued confidence in MLM's performance, but the lowered price target indicates a slight reduction in expected valuation. This may lead to a neutral short-term impact as the overall positive sentiment is tempered by the reduced target.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100