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Fly News Breaks for November 22, 2019
SKY
Nov 22, 2019 | 12:48 EDT
SunTrust analyst Rohit Seth raised his price target for Skyline Champion to $40 from $35 and his bull case for the shares to $70. Skyline is a long-term holding, says Seth, who published five-year estimates. The industry has secular and structural tailwinds on demographics and financing that should drive revenues to 2025, Seth tells investors in a research note. The analyst models mid-single-digit volume growth through 2025 for Skyline and keeps a Buy rating on the shares.
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