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Fly News Breaks for February 19, 2019
PATK
Feb 19, 2019 | 07:36 EDT
KeyBanc analyst Brett Andress raised his price target for Patrick Industries to $55 from $50 after quarterly results came in well above still tempered expectations as the company continued taking market share against the toughest end-market backdrop since 2009, further evidencing the strength of the model. The analyst believes investors can more comfortably look to a 1H19 RV end-market inflection, with upside should early spring shipments snap back on restocking. He reiterates an Outperform rating on the shares.
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