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Fly News Breaks for February 7, 2019
SKY
Feb 7, 2019 | 09:11 EDT
Craig-Hallum analyst Greg Palm lowered his price target for Skyline to $30 from $37, while reiterating a Buy rating on the shares. The analyst notes that quarterly results were solidly ahead of expectations. While the order environment has moderated somewhat in recent months, Palm believes that most of the softness can be attributed to normal seasonality and weather-related impacts and notes Skyline's very little exposure to low price point units in Texas, where some of the weaker demand trends have occurred lately.
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