Truist Securities Reiterates Buy on Summit Materials, Maintains $48 Price Target
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Rohit Seth has reiterated a 'Buy' rating on Summit Materials (NYSE:SUM) and maintained a price target of $48.
September 05, 2023 | 2:22 pm
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Summit Materials' stock rating has been reiterated as 'Buy' by Truist Securities with a maintained price target of $48.
The reiteration of a 'Buy' rating by a reputable analyst like Rohit Seth from Truist Securities is a positive signal for Summit Materials. The maintained price target of $48 also indicates confidence in the company's future performance. This could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100