UPDATE: Goldman Sachs Initiates Martin Marietta Materials at Buy on Private Construction-Driven EPS Outlook

Goldman Sachs initiated coverage on Martin Marietta Materials (NYSE: MLM ) with a Buy rating and a $111.00 price target. Goldman Sachs noted, "We add MLM to the Americas Buy List with 15% upside to our $111 12-month price target. We see 8% upside to consensus 2013-14 estimates driven by