RBC Capital analyst Mike Dahl upgraded Summit Materials (SUM) to Outperform from Sector Perform with a price target of $53, up from $45.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SUM:
- Quikrete could offer ‘low-to-mid $50’ price for Summit Materials, says Barclays
- Jefferies could see takeout price for Summit Materials ‘in the mid-$50s’
- Summit Materials discloses receipt of non-binding acquisition proposal
- Summit Materials jumps after Bloomberg says Quikrete made takeover approach
- Summit Materials trading resumes