GMS Inc. price target raised to $100 from $94 at Loop Capital

Loop Capital raised the firm’s price target on GMS Inc. to $100 from $94 and keeps a Hold rating on the shares. The company reported a healthy Q3 earnings beat which was driven by stronger-than-anticipated gross margin from end of year volume-based purchasing incentives which more than offset an estimated $15M in delayed revenues from adverse January weather, the analyst tells investors in a research note. Loop Capital adds that it is feeling better about the story on an improving single-family demand and wallboard pricing environment.