Loop Capital Maintains Buy on Summit Materials, Raises Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Garik Shmois maintains a 'Buy' rating on Summit Materials (NYSE:SUM) and raises the price target from $38 to $44.
August 04, 2023 | 8:07 pm
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POSITIVE IMPACT
Loop Capital analyst maintains a 'Buy' rating on Summit Materials and raises the price target from $38 to $44.
The raised price target by Loop Capital indicates a positive outlook for Summit Materials. This could potentially lead to an increase in the stock price in the short term as it signals the analyst's confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100