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Martin Marietta Materials (MLM) Has a New Rating from Berenberg Bank
Berenberg Bank analyst initiated coverage with a Hold rating on Martin Marietta Materials yesterday and set a price target of $556.00. The company’s shares closed yesterday at $570.96.
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In addition to Berenberg Bank, Martin Marietta Materials also received a Hold from Oppenheimer’s Brent Thielman in a report issued on May 28. However, yesterday, Barclays maintained a Buy rating on Martin Marietta Materials (NYSE: MLM).
Based on Martin Marietta Materials’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.36 billion and a net profit of $1.51 billion. In comparison, last year the company earned a revenue of $1.35 billion and had a net profit of $116 million
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