Barclays raised the firm’s price target on GMS Inc. (GMS) to $110 from $95 and keeps an Equal Weight 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. The firm thinks the deal will be “viewed positively by GMS shareholders” and is likely to receive little pushback given an attractive deal multiple with some synergies and the high termination fee.
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