RBC Capital raised the firm’s price target on GMS Inc. (GMS) to $110 from $95.20 and keeps a Sector Perform rating on the shares after Home Depot’s (HD) SRS Distribution announced a deal to acquire GMS for $110 per share in cash and debt. Given that the deal reflects the culmination of a sales process and a very full valuation, RBC expects the transaction to close as planned per the stated timeline, the analyst tells investors in a research note.
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