Citigroup isn't impressed with Martin Marietta Materials (NYSE:MLM) and Vulcan Materials (NYSE:VMC), and cut the rating on each company and lowered their price targets significantly as well.
The rating on both companies was dropped from "Hold" to "Sell," with the price target on Vulcan slashed from $45 to $33 and Martin Marietta from $82 to $72.
Vulcan closed at $35.89 Tuesday, falling $0.62. or 1.70 percent. Martin Marietta ended at $77.84, losing $0.82, or 1.04 percent.
Showing posts with label Martin Marietta Materials. Show all posts
Showing posts with label Martin Marietta Materials. Show all posts
Wednesday, October 20, 2010
Monday, March 8, 2010
Why Martin Marietta Materials (NYSE:MLM) Looks Good
Martin Marietta Materials Low Cost Operations
Martin Marietta Materials (NYSE:MLM) isn't real well known to many investors, as it's about as un-sexy as it gets as far as capturing the imagination of the media and people.
The company deals with what is called aggregates, which is just a fancy name for crushed rock.
Going forward, there is sure to be much larger infrastructure expenditures from the government, and so crushed rock should increase in demand for some time to come, and its at cyclical lows at this time, making the company a good buy.
Martin Marietta Materials has close proximity to lower cost transportation as well, making it able to transport its rock less expensively when it can and it makes sense for its destination.
So when all things are considered equal, Martin Marietta Materials has positioned itself as a low-cost competitor which is ready to break out, as it has been flat for the last couple of years.
Martin Marietta Materials Low Cost Operations
Martin Marietta Materials (NYSE:MLM) isn't real well known to many investors, as it's about as un-sexy as it gets as far as capturing the imagination of the media and people.
The company deals with what is called aggregates, which is just a fancy name for crushed rock.
Going forward, there is sure to be much larger infrastructure expenditures from the government, and so crushed rock should increase in demand for some time to come, and its at cyclical lows at this time, making the company a good buy.
Martin Marietta Materials has close proximity to lower cost transportation as well, making it able to transport its rock less expensively when it can and it makes sense for its destination.
So when all things are considered equal, Martin Marietta Materials has positioned itself as a low-cost competitor which is ready to break out, as it has been flat for the last couple of years.
Martin Marietta Materials Low Cost Operations
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