2020-06-09 09:29:46 BECN Beacon Roofing
06/09/20 06/0909:29 06/09/2009:29 | Beacon Roofing price target raised to $34 from $27 at Loop CapitalLoop Capital analyst Garik Shmois raised the firm's price target on Beacon Roofing to $34 from $27 and keeps a Buy rating on the shares. The company's positive Q3 pre-announcement supports the findings of his positive roofing survey that quarter-to-date sales are tracking ahead of expectations, the analyst tells investors in a research note. Shmois adds that shares should continue to appreciate given Beacon's gross margin upside from improving price/cost efforts as well as its stronger operating leverage from new internal initiatives. |
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