FirstService price target raised to $185 from $180 at Raymond James

Raymond James analyst Frederic Bastien raised the firm’s price target on FirstService to $185 from $180 and keeps an Outperform rating on the shares. The firm’s constructive view on FirstService is reaffirmed after the company purchased one of North America’s largest commercial roofing enterprises for $413M, and the transaction ticks all the right boxes, the analyst tells investors in a research note.