Oppenheimer raised the firm’s price target on Service Corp. to $71 from $65 and keeps an Outperform rating on the shares. The firm has recently conducted investor meetings with CFO Eric Tanzberger at Oppenheimer’s Industrial Summit. The firm believes Service Corp.’s long-term growth opportunity remains intact as it’s well positioned to capitalize on an aging baby boomer population, and sell pre-need contracts to build its trust fund portfolio/gain advanced market share.
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 SCI:
- Service Corp. initiated with a Buy at UBS
- Service Corp. increases share repurchase authorization by $477M
- SERVICE CORPORATION INTERNATIONAL DECLARES QUARTERLY CASH DIVIDEND AND INCREASES SHARE REPURCHASE AUTHORIZATION
- SERVICE CORPORATION INTERNATIONAL ANNOUNCES THIRD QUARTER 2023 FINANCIAL RESULTS
- Service Corp. sees FY23 adjusted EPS $3.40-$3.60, consensus $3.43