Summit Materials gains after takeover approach; upgrade at RBC

seekingalpha
25 Oct 2024

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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