Simpson Manufacturing price target lowered to $202 from $208 at Baird

Baird lowered the firm’s price target on Simpson Manufacturing to $202 from $208 and keeps an Outperform rating on the shares. The firm noted they missed consensus revenue and EPS, primarily driven by sequentially weaker end markets and Management also lowered its full-year US end-market outlook and trimmed the top end of its prior EBIT margin guidance.