Barclays Upgrades Summit Materials to Overweight, Raises Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adam Seiden has upgraded Summit Materials (NYSE:SUM) from Equal-Weight to Overweight and increased the price target from $45 to $52.
October 29, 2024 | 11:16 am
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POSITIVE IMPACT
Barclays has upgraded Summit Materials to Overweight and increased the price target to $52, indicating a positive outlook for the stock.
The upgrade from Equal-Weight to Overweight by Barclays suggests increased confidence in Summit Materials' performance. The raised price target from $45 to $52 indicates expectations of stock price appreciation, likely leading to positive investor sentiment and potential short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100