Griffon price target raised to $82 from $72 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Griffon to $82 from $72 and keeps a Buy rating on the shares. The stock’s current valuation “remains far too low” given that estimates incorporate pre-improvement Consumer & Professional Products earnings, and are also inclusive of Home & Building Products margin guidance that could prove conservative if pricing holds as commercial strengthens, the analyst tells investors in a research note. The firm says it “gained greater confidence” in all four pillars of its positive view on Griffon after spending time with management.