JP Morgan Maintains Underweight on Summit Materials, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Adrian Heurta maintains an Underweight rating on Summit Materials (NYSE:SUM) and raises the price target from $37 to $40.
August 24, 2023 | 3:17 pm
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JP Morgan maintains an Underweight rating on Summit Materials and raises the price target from $37 to $40.
The news is directly related to Summit Materials. JP Morgan's decision to maintain an Underweight rating indicates a bearish outlook, but the raised price target from $37 to $40 suggests some potential upside. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100