Seaport Global Upgrades Summit Materials to Buy, Announces $47 Price Target
Portfolio Pulse from Benzinga Newsdesk
Seaport Global analyst Rohit Seth has upgraded Summit Materials (NYSE:SUM) from Neutral to Buy and set a price target of $47.
October 24, 2023 | 2:13 pm
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Summit Materials has been upgraded from Neutral to Buy by Seaport Global, with a new price target of $47.
The upgrade from Neutral to Buy indicates a positive outlook for Summit Materials by Seaport Global. The new price target of $47 suggests an expected increase in the stock's value. This could potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100