DA Davidson raised the firm’s price target on Patrick Industries to $81 from $75 and keeps a Neutral rating on the shares. The analyst cites the company’s Q2 earnings beat and updated industry outlooks for the different industry verticals, stating that the firm is confident in Patrick Industries’ diversified portfolio of businesses, along with a more resilient margin profile, infrastructure base and strong balance sheet.
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Read More on PATK:
- Patrick Industries price target raised to $95 from $90 at KeyBanc
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