Avondale Starts Martin Marietta (MLM) at Outperform, Vulcan Materials (VMC) at Market Perform
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An analyst at Avondale Partners started coverage on several stocks in the Construction Raw Materials sector this morning, Martin Marietta Materials (NYSE: MLM) at Market Outperform and Vulcan Materials (NYSE: VMC) at Market Perform. The analyst set a $115 price target on MLM and a $60 target on VMC.
With MLM trading up nearly 2% to $93.10 today, the firm's new price target represents potential upside of about 23.5%. Meanwhile, with VMC up 3% to $52.95 today, Avondale's target indicates price appreciation of about 13%.
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