DA Davidson raised the firm’s price target on Summit Materials to $42 from $40 and keeps a Neutral rating on the shares. The firm is updating its model to incorporate the Argos USA transaction, which is now closed, the analyst tells investors in a research note. DA Davidson adds that it is overall positive on industry demand themes and growth prospects into 2024.
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Read More on SUM:
- Summit Materials price target raised to $44 from $41 at Loop Capital
- Summit Materials Completes Combination with Argos USA
- Summit Materials downgraded to Sector Perform from Outperform at RBC Capital
- Summit Materials Shareholders Approve Combination with Argos USA
- Summit Materials shareholders approve transaction agreement with Argos
