GMS Inc. price target raised to $105 from $92 at Baird

Baird raised the firm’s price target on GMS Inc. to $105 from $92 and keeps an Outperform rating on the shares. The firm said they remain encouraged by wallboard pricing resilience in the face of significant single-family declines; and Baird believes structural improvements in wallboard industry pricing realization carries positive implications for margins/ROIC and valuation.