Stephens & Co. Maintains Overweight on Summit Materials, Raises Price Target to $48
Portfolio Pulse from jenniferd'souza@benzinga.com
Stephens & Co. analyst Trey Grooms maintains an Overweight rating on Summit Materials (NYSE:SUM) and raises the price target from $36 to $48.
August 04, 2023 | 3:44 pm
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POSITIVE IMPACT
Stephens & Co. maintains an Overweight rating on Summit Materials and raises the price target from $36 to $48, which could lead to a positive market reaction.
The raised price target by Stephens & Co. indicates a positive outlook for Summit Materials. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100