OTCPK:PILBF - Post by User
Post by
aggmanon Mar 07, 2016 5:35pm
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Post# 24632023
Barons on Martin Marietta
Barons on Martin Marietta Market Chatter: Martin Marietta Materials Jumps on Forecast of 35% Gain on Doubling of Earnings: Barron's
12:26 PM ET, 03/07/2016 - MT Newswires 12:26 PM EST, 03/07/2016 (MT Newswires) --
Martin Marietta Materials (MLM) "shares could gain 35%," according to Barron's, which suggested the producer of concrete and cement could double earnings in the coming years. Shares jumped almost 5%.
Earnings growth is expected as the government expands its budget for new roads and builders break ground on commercial and residential housing projects, according to Barron's.
The company's shares traded in the top half of their 52-week range of $108.31 - $178.67, with volume so far at less than half the daily average of 1 million share.
Price: 154.79, Change: +6.93, Percent Change: +4.69