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Enter Symbol:
 
Martin Marietta Materials, Inc. (MLM) [hlAlert]

Rating:
Mkt Outperform
MLM
up 76.76 %

Martin Marietta Materials, Inc. (MLM) upgraded to Mkt Outperform with price target $115 by Avondale

Posted on: Friday,  Oct 16, 2009  8:25 AM ET by Avondale

Avondale rated Mkt Outperform Martin Marietta Materials, Inc. (NYSE: MLM) on 10/16/2009, when the stock price was $93.34.
Since then, Martin Marietta Materials, Inc. has gained 76.76% as of 01/27/2016's recent price of $164.99.
If you would have followed this Avondale's recommendation on MLM, you would have gained 76.76% of your investment in 2294 days.

Martin Marietta Materials, Inc. is a producer of aggregates for the construction industry, including infrastructure, commercial, agricultural, and residential. The Company operates in four business segments: the Mideast Group, Southeast Group, and West Group, collectively the Aggregates business, and the Specialty Products segment. The Specialty Products segment includes the magnesia-based chemicals and dolomitic lime businesses, and the structural composites product line. During the year ended December 31, 2008, the Company?s Aggregates business accounted for 91% of the Company?s total net sales, and its Specialty Products segment accounted for 9% of the Company?s total net sales.

Avondale’s research analysts are charged with producing high quality, independent, value-added, and timely investment analysis / advice. The firm’s strategy is to deemphasize maintenance research, and instead direct the overwhelming majority of our efforts on developing well-constructed, actionable recommendations, in part by leveraging proprietary networks of industry contacts. Avondale’s growing research department now totals 25 professionals. Senior analysts average 14 years of industry experience and are routinely recognized by a variety of nationally known rating entities. In the last two years, Avondale Analysts were named to the Wall Street Journal’s Best on the Street poll as well as Forbes.com’s Top Analyst Rankings.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/16/2009 8:25 AM Buy
None
93.34 115.00
as of 12/31/2009
1 Week down  -11.13 %
1 Month down  -2.06 %
3 Months down  -10.50 %
1 YTD down  -19.76 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/28/2009 2:25 PM Hold
None
88.09 85.00
9/16/2008 2:25 PM Buy
None
103.60 140.00

(*) Stock Price at the time of the recommendation.
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