Market Overview

UPDATE: Fundamentals Improving in Materials Industry, Stifel Upgrades Martin Marietta and Vulcan Materials

Related MLM
UPDATE: Bank of America Initiates Coverage On Martin Marietta Materials, Inc. As Demand Recovery Can Propel Shares Up
Is Caterpillar Inc. (CAT) Likely to Beat Earnings Estimates?
Related VMC
Vulcan Materials Announces Donald M. James To Transition To Non-Executive Chairman
Benzinga's Top Upgrades
Making Money With Charles Payne: 11/25/14 (Fox Business)

In a report released Tuesday, Stifel analysts Stan Ellott and Martin McElroy upgrades both Martin Marietta Materials (NYSE: MLM) and Vulcan Materials (NYSE: VMC) from Hold to Buy. Price target for MLM is set at $125, while VMC is set at $69.

The analysts highlights, "On a go-forward basis we see an improved residential and non-residential environment, a generally more stable funding environment, and positive inflection in construction backlogs helping drive the recovery in the aggregates space. We believe 2014 will mark an inflection point for aggregate demand and believe industry conditions will allow mid- to high-single digit volume growth over the next several years."

Both MLM and VMC and are positions to capitalize on compounding volumes and pricing on the steadily improving industry.

MLM closed Monday at $102.78 and currently trading at $107.89. VMC closed previously at $58.04 and trading up at $61.75.

Latest Ratings for MLM

Oct 2014DA DavidsonMaintainsNeutral
Oct 2014Bank of AmericaInitiates Coverage onBuy
Jul 2014JefferiesMaintainsHold

View More Analyst Ratings for MLM
View the Latest Analyst Ratings

Posted-In: Martin McElroy Stan Ellott StifelUpgrades Price Target Analyst Ratings


Related Articles (MLM + VMC)

Around the Web, We're Loving...

Get Benzinga's Newsletters