Jefferies Maintains Buy on Summit Materials, Lowers Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Philip Ng maintains a Buy rating on Summit Materials (NYSE:SUM) but lowers the price target from $58 to $56.
October 09, 2024 | 8:53 pm
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Jefferies analyst Philip Ng continues to recommend buying Summit Materials, but has slightly reduced the price target from $58 to $56, indicating a minor adjustment in expected valuation.
The Buy rating suggests continued confidence in Summit Materials' performance, but the lowered price target indicates a slight reduction in expected future valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100