GMS Inc. price target raised to $93 from $75 at Barclays

Barclays raised the firm’s price target on GMS Inc. to $93 from $75 and keeps an Equal Weight rating on the shares as part of a broader research note on U.S. Homebuilding and Building Products names. The firm is boosting its price target to reflect greater visibility in end market recovery along with the acquisition of Kamco Supply Corporation, the analyst tells investors in a research note. The residential backdrop has notably improved, with single-family wallboard volumes down just 2.3% in Q3 and expected to turn positive in Q4 after now six consecutive quarters of decline, the firm added.