RBC Capital Maintains Sector Perform on Summit Materials, Raises Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Mike Dahl has maintained a 'Sector Perform' rating on Summit Materials (NYSE:SUM) and increased the price target from $38 to $39.
February 16, 2024 | 6:00 pm
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RBC Capital has maintained a 'Sector Perform' rating on Summit Materials and raised the price target from $38 to $39.
The increase in price target by RBC Capital suggests a positive outlook on Summit Materials' stock in the short term. Given the specificity of the adjustment and the role of analyst ratings in influencing investor sentiment, this update is likely to be viewed positively by the market, potentially leading to a short-term increase in SUM's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100