RBC Capital Maintains Outperform on Summit Materials, Raises Price Target to $43
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Mike Dahl maintains an Outperform rating on Summit Materials (NYSE:SUM) and raises the price target from $36 to $43.
August 04, 2023 | 3:57 pm
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POSITIVE IMPACT
RBC Capital maintains an Outperform rating on Summit Materials and raises the price target from $36 to $43. This could lead to increased investor confidence and potential upward movement in the stock's price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. An Outperform rating suggests that the analyst believes the stock will do better than the market average. Raising the price target indicates an expectation of future stock price increase. This could lead to increased investor confidence and potential upward movement in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100