Stephens & Co. Reiterates Overweight on Summit Materials, Maintains $45 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Trey Grooms has reiterated an Overweight rating on Summit Materials (NYSE:SUM) and maintained a $45 price target on the company's stock.
January 12, 2024 | 4:47 pm
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Stephens & Co. analyst Trey Grooms reaffirmed an Overweight rating on Summit Materials and kept the price target at $45.
The reiteration of an Overweight rating and maintenance of a $45 price target by a reputable analyst could instill confidence in investors and positively influence Summit Materials' stock price in the short term. The specific mention of the company and the reaffirmation of the price target suggest a strong conviction in the company's potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100