Bank of America Securities analyst Joanna Gajuk maintained a Buy rating on Service International (SCI – Research Report) today and set a price target of $98.00.
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Joanna Gajuk has given her Buy rating due to a combination of factors that highlight Service International’s strong performance and potential for growth. The company has shown a significant increase in visitation rates, with a 13% month-over-month growth in May, surpassing historical trends. This improvement is a positive indicator, especially when compared to the previous quarter’s decline.
Additionally, the company’s fundamentals remain robust, supported by solid cash flows and a promising long-term growth outlook driven by aging demographics. Despite some regional variations, such as slower growth in California, the overall visitation trends in key states like Texas, Florida, and Illinois have been strong. These factors, combined with a price objective of $98.00 USD, suggest a favorable investment opportunity.