Federal Signal price target raised to $120 from $100 at Raymond James

Raymond James analyst Tim Thein raised the firm’s price target on Federal Signal (FSS) to $120 from $100 and keeps an Outperform rating on the shares. Messaging from Federal Signal’s largest exclusive dealers as well as some of its specialty truck competitors points to a solid demand backdrop, with optimism regarding a pick-up in growth in 2H25 and 2026 especially in the event of easing policy rates, the analyst tells investors in a research note.