Summit Materials gains after takeover approach; upgrade at RBC

seekingalpha

2024-10-25

Marcin Kilarski/iStock via Getty Images

Summit Materials rose for a second day, rising 5.5% after, a report Thursday that Quickrete made a takeover approach and as the concrete company was upgraded to outperform at RBC.

Summit (NYSE:SUM) jumped 6.6% on Thursday after a Bloomberg report that

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upgrade at RBC","media":"seekingalpha","content":"<html><body><figure> <picture> <img height=\"1024px\" sizes=\"(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1011442214/image_1011442214.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1011442214/image_1011442214.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1011442214/image_1011442214.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1011442214/image_1011442214.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1011442214/image_1011442214.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1011442214/image_1011442214.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1011442214/image_1011442214.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1011442214/image_1011442214.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1011442214/image_1011442214.jpg?io=getty-c-w240 240w\" width=\"1536px\"/> </picture> <figcaption><p>Marcin Kilarski/iStock via Getty Images</p></figcaption> </figure><p>Summit Materials rose for a second day,<span> rising 5.5%</span> after, a report Thursday that Quickrete made a takeover approach and as the concrete company was upgraded to outperform at RBC. </p> <div></div><p>Summit (<span>NYSE:SUM</span>) jumped 6.6% on Thursday after a Bloomberg report that</p></body></html>","source":"seekingalpha_trending_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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