Exane BNP Paribas Downgrades Summit Materials to Neutral, Announces $38 Price Target
Portfolio Pulse from richadhand@benzinga.com
Exane BNP Paribas analyst Paul Roger has downgraded Summit Materials (NYSE:SUM) from Outperform to Neutral and set a price target of $38.
July 24, 2023 | 8:48 am
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Summit Materials has been downgraded from Outperform to Neutral by Exane BNP Paribas, with a new price target of $38.
The downgrade from Outperform to Neutral by a well-known analyst could potentially lead to a short-term decrease in Summit Materials' stock price. The new price target of $38 might also influence investor sentiment.
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