Jefferies Raises Estimates on Martin Marietta Materials (MLM); Increasing Volume Assumption

Jefferies retains a 'Buy' on Martin Marietta Materials (NYSE: MLM) and price target of $107.00.

Jefferies analyst says, "We are increasing our EPS estimates from $2.02 to $2.25 for 2012 and from $2.91 to $3.16 for 2013. These changes principally take into account the $0.09 beat relative to our forecasts in Q4-2011, the increase in our volume assumption for 2012 from +2% to +3.5% and the increases in our forecasts for the Speciality Products businesses."

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 $86.24 yesterday, with a 52 week range of $59.93-$94.31.

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