Summit Materials to Host Investor Day on March 13, 2024
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JPMorgan Resumes Summit Materials (SUM) at Overweight
February 22, 2024 4:27 PM ESTJPMorgan analyst Adrian Heurta resumes coverage on Summit Materials (NYSE: SUM) with a Overweight rating and a price target of $47.00.
The analyst comments "Following a period of restriction, we are moving to an OW rating and a December 2024 price target of $47.00 (UW rating and December 2024 price target of $40 prior to restriction) from a Not Rated designation. Our price target implies 12% upside and a fwd EV/EBITDA multiple of 9.1x. We also take this opportunity to update our estimates post 4Q23 results and are now... More
