On Nov 26, major Wall Street analysts update their ratings for $Summit Materials (SUM.US)$, with price targets ranging from $52.5 to $52.5.
J.P. Morgan analyst Adrian Huerta downgrades to a hold rating, and sets the target price at $52.5.
Citi analyst Anthony Pettinari downgrades to a hold rating, and adjusts the target price from $47 to $52.5.
Loop Capital analyst Garik Shmois downgrades to a hold rating, and adjusts the target price from $54 to $52.5.
RBC Capital analyst Michael Dahl downgrades to a hold rating, and adjusts the target price from $54 to $52.5.
Truist Financial analyst Keith Hughes maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $Summit Materials (SUM.US)$'s main analysts recently are as follows:
The company's agreement to be acquired by Quikrete at $52.50 per share in cash results in the current trading price reflecting a 3% discount, implying a valuation that is roughly fair.
Here are the latest investment ratings and price targets for $Summit Materials (SUM.US)$ from 7 analysts:
Note:
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