Simpson Manufacturing price target raised to $185 from $180 at DA Davidson

DA Davidson raised the firm’s price target on Simpson Manufacturing (SSD) to $185 from $180 and keeps a Neutral rating on the shares. Simpson Manufacturing continues to execute well against their above U.S. housing starts growth objectives while simultaneously moderating operating expense spending, the analyst tells investors in a research note. Despite a still challenging market environment, the firm acknowledges an increasingly attractive go-forward setup with increased confidence in estimates.