Stifel Maintains Buy on Summit Materials, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stanley Elliott maintains a Buy rating on Summit Materials (NYSE:SUM) but lowers the price target from $55 to $47.

July 03, 2024 | 10:54 am
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Stifel analyst Stanley Elliott maintains a Buy rating on Summit Materials but lowers the price target from $55 to $47.
The Buy rating suggests continued confidence in Summit Materials' long-term prospects, but the lowered price target indicates some caution about near-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100