GMS Inc. price target raised to $105 from $95 at DA Davidson

DA Davidson raised the firm’s price target on GMS Inc. to $105 from $95 and keeps a Buy rating on the shares. The company reported another solid quarter, delivering adjusted EBITDA a touch above the high-end of guidance, the analyst tells investors in a research note. The combination of a more favorable wallboard price assumption and incorporating the Kamco deal lift its FY25 adjusted EBITDA forecast for GMS up 9%, the firm added.