Champion Homes price target raised to $86 from $72 at Jefferies

Jefferies raised the firm’s price target on Champion Homes (SKY) to $86 from $72 and keeps a Hold rating on the shares. Champion is showing its products provide a better value proposition, with its business holding up much better than site built homes, notes the analyst following the company’s fiscal Q2 report. While stating that Champion should also benefit from the ROAD to Housing Act, the firm says “it could take time before it’s a needle mover.”