Griffon price target raised to $100 from $95 at Raymond James

Raymond James raised the firm’s price target on Griffon (GFF) to $100 from $95 and keeps a Strong Buy rating on the shares. The Consumer and Professional Products segment is challenged by soft demand and tariffs, but the “crown jewel” Home and Building Products segment is performing above prior internal and external expectations, the analyst tells investors in a research note. The firm believes that an outright sale of the company is possible at some point, and expect Griffon to be a significant buyer of its own stock in the interim.