Suncrete initiated with a Buy at Roth Capital

Roth Capital analyst Gerry Sweeney initiated coverage of Suncrete (RMIX) with a Buy rating and $21 price target The ready-mix industry remains a regional, highly fragmented industry, which creates a roll up opportunity for Suncrete, the analyst tells investors in a research note. The firm believes the company can expand and become a dominant scaled regional operator throughout the Sunbelt. Concrete demand is supported by sustained infrastructure, industrial, and commercial construction, and Suncrete can grow organically at 10% with acquisition opportunities to expand, contends Roth.