BofA raised the firm’s price target on Service Corp. to $85 from $78 and keeps a Buy rating on the shares after the firm hosted meetings with Service’s CFO and Treasurer. Funeral volumes troughed in Q4, aging demographics will benefit both segments, and the management members are confident in cemetery pre-need sales production growth, says the analyst, who applies a higher multiple given the increased visibility.
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- Service Corp. price target raised to $78 from $77 at BofA
