Martin Marietta Materials (MLM) Plunges 8.11% in Four Days as Analysts Turn Cautious

Martin Marietta Materials (MLM) shares fell 1.59% today, marking the fourth consecutive day of decline, with a total drop of 8.11% over the past four days. The share price hit its lowest level since November 2023, experiencing an intraday decline of 3.68%.

Analyst sentiment has shifted recently, which may be contributing to the stock's downward trend. Morgan Stanley lowered their price target for Martin Marietta Materials from $657.00 to $622.00, indicating a more cautious outlook on the company's future performance. Additionally, the firm downgraded Martin Marietta to Neutral, suggesting a change in investor sentiment that could impact the stock's trajectory.