Fly News Breaks for December 6, 2019
Dec 6, 2019 | 05:06 EDT
Goldman Sachs analyst Jerry Revich downgraded Summit Materials to Neutral from Buy with a price target of $24, down from $28. An accelerating infrastructure recovery is increasingly the consensus view and Summit shares are now trading in-line with its historical average, Revich tells investors in a research note. Further, he believes Construction Machinery stocks offer more attractive risk/reward than Construction Materials as capital stock bottoms.
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