Baird analyst Craig Kennison lowered the firm’s price target on Patrick Industries (PATK) to $110 from $120 and keeps a Neutral rating on the shares. The firm updated its model following Q1 results where they lowered estimates on softer end markets.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PATK:
- Patrick Industries price target lowered to $125 from $140 at KeyBanc
- Patrick Industries price target lowered to $135 from $150 at Benchmark
- Patrick Industries price target lowered to $108 from $155 at Raymond James
- Patrick Industries reports Q1 EPS $1.10, consensus $1.04
- Patrick Industries Reports Flat Q1 Results Amid Merger Talks