Martin Marietta Reports Fourth-Quarter and Full-Year 2023 Results
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Morgan Stanley on Martin Marietta Materials (MLM) Earnings: 'We expect a positive stock reaction'
February 14, 2024 7:53 AM ESTMorgan Stanley analyst Angel Castillo reiterated an Overweight rating and $595.00 price target on Martin Marietta Materials (NYSE: MLM)
The analyst comments "We expect a positive stock reaction to MLM's 4Q23 EPS beat and full year 2024 outlook and commentary that we think modestly exceeded expectations. MLM reported 4Q23 EPS from Cont. Operating EPS of $4.63 versus MSe of $4.74 and consensus estimate of $4.00. Relative to our EPS estimates, the beat was due to stronger Magnesia... More
