Simpson Manufacturing price target raised to $190 from $185 at DA Davidson

DA Davidson raised the firm’s price target on Simpson Manufacturing (SSD) to $190 from $185 but keeps a Neutral rating on the shares after meeting with its management team. The firm is updating its estimates to reflect a softer starts environment, mostly offset by a recently announced additional price increase, adding that it also sees uncertainties remaining around new residential construction activity and current valuation, the analyst tells investors in a research note.