Truist raised the firm’s price target on Service Corp. (SCI) to $100 from $92 and keeps a Buy rating on the shares after beating consensus estimates. The firm thinks the expectation of about flat volumes to hit management’s about 10% EPS growth target could provide upside to estimates when a volume inflection comes, noting that it slightly raised revenue estimates following the company’s Q3 report.
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Read More on SCI:
- Service Corp. reports Q3 adjusted EPS 87c, consensus 83c
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- SCI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Service Corp. price target raised to $94 from $91 at Oppenheimer
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