Raymond James analyst Sam Darkatsh raised the firm’s price target on GMS Inc. (GMS) to $90 from $80 and keeps an Outperform rating on the shares. Raymond James continues to view the shares positively despite a continued soft macro environment and negative sentiment around housing, the analyst tells investors in a research note.
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Read More on GMS:
- GMS Inc. price target raised to $95 from $90 at Stephens
- Home Depot submitted competing takeover bid for GMS, WSJ reports
- GMS jumps 20% to $96.99 after WSJ report of competing Home Depot bid
- GMS Inc Navigates Labor Shortages: Rising Costs and Supply Chain Challenges Ahead
- M&A News: Home Depot and QXO Battle for GMS in Construction Supremacy Bid
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