RBC Capital Maintains Sector Perform on Summit Materials, Raises Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Mike Dahl maintains a Sector Perform rating on Summit Materials (NYSE:SUM) and raises the price target from $39 to $44.

March 14, 2024 | 3:30 pm
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RBC Capital analyst Mike Dahl maintains a Sector Perform rating on Summit Materials and raises the price target from $39 to $44.
The increase in price target from $39 to $44 by RBC Capital indicates a positive outlook on Summit Materials' stock performance in the short term. This adjustment suggests that the analyst sees potential for growth or positive movement in SUM's stock price, likely due to favorable market conditions, company performance, or sector trends. Investors may view this as a bullish signal, potentially leading to increased interest and a rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100