Joanna Gajuk, an analyst from Bank of America Securities, reiterated the Buy rating on Service International. The associated price target remains the same with $98.00.
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Joanna Gajuk has given her Buy rating due to a combination of factors related to Service International’s performance and future outlook. The company has shown an improvement in visitation trends, with a smaller year-over-year decline in Q3 compared to Q2, indicating a positive trajectory for sales. This improvement in foot traffic is historically aligned with the company’s cemetery pre-need sales, suggesting potential growth in this area.
Additionally, despite some regional variations, the overall visitation trends are better than historical averages, which supports a positive outlook for the company’s financial performance. The solid cash flows and potential for capital deployment further enhance the attractiveness of Service International’s stock. With a price objective set at 98.00 USD, significantly above the current price, the stock presents a compelling investment opportunity, justifying the Buy rating.
Gajuk covers the Healthcare sector, focusing on stocks such as Encompass Health, Centene, and Universal Health. According to TipRanks, Gajuk has an average return of 0.5% and a 57.89% success rate on recommended stocks.
In another report released on August 29, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $89.00 price target.