Summit Materials price target raised to $46 from $43 at Truist

Truist raised the firm’s price target on Summit Materials to $46 from $43 and keeps a Buy rating on the shares. The company’s Q4 earnings beat was notably above Street views and its guidance range was “about as expected”, the analyst tells investors in a research note. Summit Materials underperformed peers since the shareholder vote earlier this year, and this move is “somewhat of a catch up with numbers”, the firm added.