Martin Marietta Upgraded to Buy by Longbow
Longbow has upgraded shares of Martin Marietta (NYSE:MLM) from Neutral to Buy and changed its price target to $77. The shares recently traded at $64.74, up $1.87, or 2.97%, on the day. The shares have traded in a 52-week range of $60.80 to $95 and its market capitalization is $2.96 billion. About the company: Martin Marietta Materials, Inc. produces aggregates for the construction industry, including highways, infrastructure, commercial, and residential. The Company also manufactures and markets magnesia-based products, including heat-resistant refractory products for the steel industry, chemical products for industrial and environmental uses, and dolomitic lime.
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