DA Davidson raised the firm’s price target on Encore Wire to $295 from $240 and keeps a Buy rating on the shares. The firm cites the company’s notable Q4 unit volume growth reaching record levels, the analyst tells investors in a research note. Higher copper prices would “add torque to the model”, the firm added.
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Read More on WIRE:
- Encore Wire Corp. Issues Informative Earnings Release
- Encore Wire Corp (WIRE) Q4 Earnings Cheat Sheet
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