KeyBanc Starts Martin Marietta Materials (MLM) at Hold; Attractive Business Long Term, but Upside Limited for Near Term

KeyBanc initiates coverage on Martin Marietta Materials (NYSE: MLM) with a Hold.

KeyBanc analyst says, "We think MLM has a good portfolio of businesses, led by aggregates with well positioned reserves and an established distribution network. Though currently facing challenging end markets, the Company's tight cost management provides for margin expansion on incremental volume, but we do not see a recovery in demand as a near-term catalyst. We therefore assign a HOLD rating at this time."

For more ratings news on Martin Marietta Materials click here and for the rating history of Martin Marietta Materials click here.

Shares of Martin Marietta Materials closed at $70.37 yesterday.

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