Truist Securities Maintains Buy on Summit Materials, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Rohit Seth has maintained a Buy rating on Summit Materials (NYSE:SUM) and increased the price target from $46 to $50.

March 15, 2024 | 8:04 pm
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Truist Securities has reaffirmed its Buy rating on Summit Materials and raised the price target from $46 to $50.
The reaffirmation of a Buy rating combined with an increase in the price target by a reputable analyst firm like Truist Securities is typically seen as a strong positive signal to the market. This suggests confidence in the company's future performance and growth prospects, likely leading to increased investor interest and potentially a rise in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100