Craig-Hallum raised the firm’s price target on Cavco Industries (CVCO) to $495 from $422 and keeps a Buy rating on the shares. The firm continues to believe that manufactured housing is poised for share gains vs. site-built and sees Cavco as well positioned to capitalize on favorable market trends. Quarterly results were solid and growth should continue based on strong order activity/backlogs and operating leverage will translate into above average earnings growth, Craig-Hallum adds.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVCO:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue