BMO Capital lowered the firm’s price target on UFP Industries (UFPI) to $110 from $125 and keeps a Market Perform rating on the shares after its Q1 earnings miss. The tone of the company’s conference call was even more cautious than three months ago, with soft demand, competitive pricing, and higher costs all pressuring EBITDA, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UFPI:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue