Compass Diversified price target raised to $30 from $27 at BofA

BofA analyst Derek Hewett raised the firm’s price target on Compass Diversified to $30 from $27 and keeps a Buy rating on the shares following “solid” Q4 results. Compass’ FY24 guidance was better than expected, with adjusted EPS of $2.03 at the midpoint, notes the firm, whose 2024 forecast is “slightly above the midpoint of guidance.”