JP Morgan Maintains Overweight on Summit Materials, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Adrian Heurta maintains an Overweight rating on Summit Materials (NYSE:SUM) but lowers the price target from $47 to $43.
October 09, 2024 | 8:49 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
JP Morgan has maintained its Overweight rating on Summit Materials but has lowered the price target from $47 to $43, indicating a slightly less optimistic outlook.
The Overweight rating suggests continued confidence in Summit Materials, but the lowered price target indicates a tempered outlook. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100