Citigroup Maintains Buy on Summit Materials, Lowers Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Anthony Pettinari maintains a Buy rating on Summit Materials (NYSE:SUM) but lowers the price target from $47 to $46.
October 09, 2024 | 8:51 pm
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Citigroup's analyst Anthony Pettinari maintains a Buy rating on Summit Materials but slightly lowers the price target from $47 to $46, indicating a minor adjustment in expectations.
The maintenance of a Buy rating suggests continued confidence in Summit Materials' performance, but the slight reduction in the price target indicates a minor adjustment in expectations. This is likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100