Stephens & Co. Maintains Overweight on Summit Materials, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Trey Grooms maintains an Overweight rating on Summit Materials (NYSE:SUM) and raises the price target from $47 to $50.
May 03, 2024 | 6:54 pm
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Stephens & Co. maintains an Overweight rating on Summit Materials and raises the price target from $47 to $50.
The upgrade in the price target by Stephens & Co. reflects a positive outlook on Summit Materials, likely due to strong fundamentals or growth prospects. This analyst endorsement can boost investor confidence, potentially leading to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100