Service Corp. price target raised to $76 from $71 at Oppenheimer

Oppenheimer analyst Scott Schneeberger raised the firm’s price target on Service Corp. to $76 from $71 and keeps an Outperform rating on the shares. Service Corp’s outperformance in Q4 was primarily via pre-need Cemetery sales production and recognized revenue of +9.3% and +10.7% year over year, respectively, vs. low-single digit expectations for both, the analyst tells investors in a research note.