Form DEFA14A Summit Materials, Inc.

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JPMorgan Downgrades Summit Materials (SUM) to Neutral

November 25, 2024 10:31 AM EST

JPMorgan analyst Adrian Heurta downgraded Summit Materials (NYSE: SUM) from Overweight to Neutral with a price target of $52.50 (from $43.00).

The analyst comments "This morning, Summit Materials announced it entered into a definitive agreement to be acquired by Quikrete Holdings for $52.50/sh in cash,... More