Truist Securities Maintains Buy on Summit Materials, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Summit Materials and increased the price target from $47 to $60, indicating a positive outlook for the company's stock.
November 01, 2024 | 2:56 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Truist Securities has maintained a Buy rating on Summit Materials and increased the price target from $47 to $60, suggesting a positive outlook for the stock.
The increase in the price target from $47 to $60 by Truist Securities indicates a strong positive sentiment towards Summit Materials. This is likely to boost investor confidence and could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100