Truist Securities Maintains Buy on Summit Materials, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Rohit Seth maintains a 'Buy' rating on Summit Materials (NYSE:SUM) but has lowered the price target from $48 to $43.
September 12, 2023 | 3:44 pm
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NEUTRAL IMPACT
Summit Materials' price target has been lowered from $48 to $43 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100