Patrick Industries price target raised to $105 from $100 at Truist

Truist raised the firm’s price target on Patrick Industries (PATK) to $105 from $100 and keeps a Buy rating on the shares as part of a broader research note on RV names. The macro/tariff uncertainty has muted consensus expectations for FY25, but the recent dealer conversations were “remarkably resilient” relative to the firm’s February survey, underpinned by a “status quo” demand backdrop through May, improving unit margins, and tamer-than-feared model-year 2026 pricing, the analyst tells investors in a research note.