BofA analyst Rafe Jadrosich raised the firm’s price target on Patrick Industries to $75 from $63 and keeps an Underperform rating on the shares. The firm raised its 2023 and 2024 estimates by 3% each to reflect Q2 upside, but cites ongoing headwinds from channel inventory destocking and soft demand in RV/marine markets for its unchanged Underperform rating.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PATK:
- Patrick Industries price target raised to $75 from $63 at BofA
- Patrick Industries price target raised to $81 from $75 at DA Davidson
- Patrick Industries price target raised to $95 from $90 at KeyBanc
- Patrick Industries price target raised to $95 from $80 at Roth MKM
- Patrick Industries price target raised to $95 from $85 at Baird