DXP Enterprises price target raised to $55 from $40 at Stephens

Stephens raised the firm’s price target on DXP Enterprises to $55 from $40 and keeps an Overweight rating on the shares. The company’s Q2 revenue and adjusted EBITDA came in below the firm’s estimates, the analyst tells investors. Despite this, the firm sees a potential for both a 12th-consecutive quarter of sequential growth in Q3 and sustained double-digit margins in the second half of the year, Stephens says.