Jefferies Maintains a 'Buy' on Martin Marietta Materials (MLM); Attractive With or Without Vulcan (VMC)
Get Alerts MLM Hot Sheet
Price: $612.64 +0.13%
Rating Summary:
18 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Rating Summary:
18 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Diploma Plc. (DPLM:LN) PT Raised to GBP42.75 at Jefferies, 'market has yet to appreciate fully the implications of faster long-term organic growth and further accretive M&A'
- UPS (UPS) PT Lowered to $150 at HSBC, 'on lower multiple to reflect continued de-rating'
- Jefferies Reiterates Hold Rating on Ocado Group Plc. (OCDO:LN) (OCDGF)
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!