Suncrete initiated with an Outperform at William Blair

William Blair initiated coverage of Suncrete (RMIX) with an Outperform rating. The firm says Suncrete’s ready-mix concrete rollup story is in the early stages. The company is targeting fast-growing Sunbelt metro areas, the analyst tells investors in a research note. Blair says Suncrete has ambitions to acquire and expand into high-growth markets like Texas, Florida, and the Carolinas.