Carriage Services price target raised to $50 from $45 at Barrington

Barrington raised the firm’s price target on Carriage Services (CSV) to $50 from $45 and keeps an Outperform rating on the shares. The U.S. death care industry is “large and highly fragmented” with more than 22,000 funeral homes and 5,500 cemeteries in the United States, which generate an estimated $25B in annual revenue, the analyst tells investors in a research note. The firm says Carriage Services has a large and consolidating market with a improving balance sheet.