Griffon price target raised to $105 from $100 at Stephens

Stephens analyst Trey Grooms raised the firm’s price target on Griffon (GFF) to $105 from $100 and keeps an Overweight rating on the shares. Q1 sales missed expectations slightly, while EBITDA margins came in well-above estimates, the analyst tells investors. The firm is encouraged by the early signs of success from the global sourcing strategy, which is expected to continue even assuming tariffs are put in place, the analyst added.