Caesarstone price target lowered to $5.50 from $6.00 at Stifel

Stifel analyst Stanley Elliott lowered the firm’s price target on Caesarstone to $5.50 from $6.00 and keeps a Hold rating on the shares. The company’s Q3 adjusted EBITDA was positive despite macro headwinds and the conflict in Israel weighing on volumes, the analyst tells investors. While the company will operate as normal, the outlook remains unclear as the market remains mostly frozen, Stifel adds.