Carriage Services price target raised to $45 from $40 at Barrington

Barrington raised the firm’s price target on Carriage Services to $45 from $40 and keeps an Outperform rating on the shares. The firm said that the company’s initial 2023 guidance is above expectations after temporarily suspending its guidance in its previous quarter. Barrington added that it is reiterating its Outperform rating despite one more tough comp, near-term strategic investment spending, and inflation putting pressure on earnings.