Citigroup Maintains Buy on Summit Materials, Raises Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Anthony Pettinari has maintained a Buy rating on Summit Materials (NYSE:SUM) and increased the price target from $46 to $51.
April 05, 2024 | 3:58 pm
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Citigroup has reaffirmed its Buy rating on Summit Materials and raised the price target from $46 to $51.
The upgrade in price target by a reputable analyst like Anthony Pettinari signals a strong confidence in Summit Materials' future performance. This is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100