Patrick Industries price target lowered to $95 from $103 at Raymond James

Raymond James analyst Joseph Altobello lowered the firm’s price target on Patrick Industries (PATK) to $95 from $103 and keeps an Outperform rating on the shares. While the timing and magnitude of recovery in end market demand remains uncertain, Patrick Industries is well-positioned to benefit from any improvement over 2025, the analyst tells investors in a research note. Patrick’s long-term track record of execution and ability to grow over cycles, both organically and through accretive M&A, is “impressive,” the firm says.