Jefferies Maintains a 'Buy' on Martin Marietta Materials (MLM); Attractive With or Without Vulcan (VMC)

Jefferies maintains a 'Buy' on Martin Marietta Materials (NYSE: MLM) price target raised from $104 to $107.

Jefferies analyst says, "We think Martin Marietta’s shares are attractive whether or not its share exchange offer for Vulcan Materials (NYSE: VMC)(Buy) succeeds. As a standalone company, we value the shares at $107, 31% above the current share price. We value Vulcan shares at $51, therefore the offer of 0.5 of an MLM share avoids significant dilution, even before taking into account the possible synergies."

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 $82.51 yesterday.

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