Martin Marietta price target raised to $616 from $614 at Wells Fargo
Wells Fargo analyst Timna Tanners raised the firm's price target on Martin Marietta to $616 from $614 and keeps an Equal Weight rating on the shares. In a research note ahead of earnings for the Q2 Building Mats group, the firm says it sees Q2 pressured by higher energy costs, as pricing actions lag cost inflation. In addition, better evidence of leaner government spending ahead keeps Wells broadly cautious.
Wells Fargo analyst Timna Tanners raised the firm's price target on Martin Marietta to $616 from $614 and keeps an Equal Weight rating on the shares.
In a research note ahead of earnings for the Q2 Building Mats group, the firm says it sees Q2 pressured by higher energy costs, as pricing actions lag cost inflation.
In addition, better evidence of leaner government spending ahead keeps Wells broadly cautious.