BofA lowered the firm’s price target on Patrick Industries (PATK) to $90 from $95 and keeps an Underperform rating on the shares. The firm is updating estimates following Q1 results, noting that its new 2026 forecasts are based on both modest revenue growth and margin expansion.
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 Earnings Call Highlights Resilient Growth
- Patrick Industries price target lowered to $110 from $120 at Baird
- 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