Roth Capital analyst Scott Stember raised the firm’s price target on Patrick Industries (PATK) to $157 from $115 and keeps a Buy rating on the shares after its “outsized” Q4 earnings beat. The company once again posted solid/growing results with content per unit growing in all categories, the analyst tells investors in a research note. While the recreation end markets remain soft, there are emerging green shoots with an apparent start to a long awaited trade-up cycle, the firm added.
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