Truist Securities Maintains Buy on Summit Materials, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Truist Securities maintains a Buy rating on Summit Materials (NYSE:SUM) but lowers the price target from $53 to $47.
August 07, 2024 | 1:34 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Summit Materials but lowers the price target from $53 to $47.
The maintained Buy rating suggests continued confidence in Summit Materials' performance, but the lowered price target indicates some caution about future growth. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100