Truist Securities Maintains Buy on Summit Materials, Raises Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Keith Hughes has maintained a Buy rating on Summit Materials (NYSE:SUM) and increased the price target from $50 to $53.
April 02, 2024 | 1:35 pm
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POSITIVE IMPACT
Truist Securities maintains a Buy rating on Summit Materials and raises the price target from $50 to $53.
The increase in price target by Truist Securities reflects a positive outlook on Summit Materials, suggesting potential upside for the stock. This analyst action can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100