Martin Marietta Materials (MLM) PT Raised to $785 at Jefferies

Jefferies analyst Philip Ng raised the price target on Martin Marietta Materials (NYSE: MLM) to $785.00 (from $761.00) while maintaining a Buy rating.

The analyst comments "MLM has completed the asset exchange with Quikrete and updated its FY guidance. Street numbers will need to rebase for the deal, but we expect the company to fill the void with M&A. The transactions are expected to be a 250bps drag on price:mix in 2026, but if MLM brings profitability up to corporate averages, it could translate to a $50 mil uplift in cash gross profit."

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