RBC Capital Downgrades Summit Materials to Sector Perform, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Mike Dahl has downgraded Summit Materials (NYSE:SUM) from Outperform to Sector Perform and reduced the price target from $43 to $38.

January 12, 2024 | 11:27 am
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Summit Materials was downgraded by RBC Capital from Outperform to Sector Perform, and the price target was lowered from $43 to $38.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further suggests a lowered expectation of the company's future performance, which may also negatively impact investor sentiment.
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