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.
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