Service Corp. price target raised to $90 from $85 at Raymond James

Raymond James raised the firm’s price target on Service Corp. (SCI) to $90 from $85 and keeps an Outperform rating on the shares. Service Corp.’s Q2 results were better than expected, and second half funeral volume seasonality is expected to be more weighted towards Q4 as Q3 is coming off a tougher year over year comp, the analyst tells investors in a research note. Raymond James believes that the 2025 EPS guidance is de-risked at this point as first half EPS has outperformed, and some concern about preneed cemetery production has been alleviated.