Barrington analyst Alexander Paris maintained an Outperform rating on Carriage Services (CSV) and raised his price target on the shares to $35 from $30 after the company agreed to acquire Fairfax Memorial Park and Funeral Home, provided "enhanced" financial guidance through 2021, and named a new COO. Paris said that he raised his estimates to reflect the company's updated guidance and, at current levels, Carriage Services is trading at 10.1x his 2020 adjusted EBITDA estimate and 15.1x his 2020 adjusted EPS estimate, representing a "significant" discount to industry leader Service Corp. International (SCI). The analyst added that he reiterated his Outperform rating as organic growth improves and expanding margins are expected to continue.