Patrick Industries price target lowered to $140 from $157 at Roth Capital

Roth Capital analyst Scott Stember lowered the firm’s price target on Patrick Industries (PATK) to $140 from $157 and keeps a Buy rating on the shares. The firm is reducing its estimates as inclement weather and the outbreak of war with Iran have conspired to derail what was a promising start to 2026, the analyst tells investors in a research note. While both retail demand and dealer shipment activity was off mid-to-high teens through February, Roth expects that March retail will still be down year over year, though improved as weather cleared as the selling season started, the firm added.