Patrick Industries price target lowered to $140 from $155 at KeyBanc

KeyBanc lowered the firm’s price target on Patrick Industries (PATK) to $140 from $155 and keeps an Overweight rating on the shares. On the heels of softer RV shipments and retail through February, as well as softer reads from recent prints and recent spot checks, the firm is lowering its Patrick Industries estimates and price target to account for an incrementally softer end market vs. prior.