RBC Capital Maintains Sector Perform on Summit Materials, Raises Price Target to $46
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 $44 to $46.
May 03, 2024 | 4:47 pm
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RBC Capital has maintained a 'Sector Perform' rating on Summit Materials and raised the price target from $44 to $46.
The increase in price target by RBC Capital suggests a positive outlook on Summit Materials' stock, potentially leading to short-term price appreciation. The 'Sector Perform' rating indicates that the stock is expected to perform in line with the sector, but the raised target price signals analyst confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90