GMS Inc. price target lowered to $90 from $95 at Truist

Truist lowered the firm’s price target on GMS Inc. to $90 from $95 and keeps a Hold rating on the shares after the company reported quarterly results. EBITDA results were below Wall Street expectations with Q2 guidance below views as all end markets were weaker than management expected, particularly in July, the analyst tells investors in a research note. The firm added that Commercial and MF volume is expected to decelerate the rest of the fiscal year.