Loop Capital Maintains Buy on Summit Materials, Raises Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Loop Capital has maintained a Buy rating on Summit Materials and increased the price target from $49 to $54.
November 01, 2024 | 5:59 pm
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POSITIVE IMPACT
Loop Capital has reiterated its Buy rating on Summit Materials and increased the price target from $49 to $54, indicating confidence in the company's future performance.
The increase in price target from $49 to $54 by Loop Capital suggests a positive outlook on Summit Materials' future performance. Maintaining a Buy rating indicates continued confidence in the stock, which is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100