DA Davidson Starts Martin Marietta Materials (MLM) at Neutral

DA Davidson analyst Garik Shmois initiates coverage on Martin Marietta Materials (NYSE: MLM) with a Neutral rating and a price target of $625.00.

The analyst comments "We’re initiating coverage on MLM with a NEUTRAL rating and $625 PT. Catalysts remain in transition, including (a) the LNA integration, (b) the timing of negative price/mix impacts as the company works through both the Quikrete and NFS deals which structurally have lower-priced aggregates, and (c) the timing of legacy aggregates price/cost headwinds. There are likely still several more quarters of noise to work through before it becomes a cleaner thesis again, though the recent pullback does have us thinking long and hard more positively."

For an analyst ratings summary and ratings history on Martin Marietta Materials click here. For more ratings news on Martin Marietta Materials click here.

Shares of Martin Marietta Materials closed at $534.92 yesterday.

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