Simpson Manufacturing price target raised to $195 from $160 at DA Davidson

DA Davidson analyst Kurt Yinger raised the firm’s price target on Simpson Manufacturing to $195 from $160 and keeps a Neutral rating on the shares. The company reported a “mixed” Q4 with another solid sales performance being offset by higher operating expenses, the analyst tells investors in a research note. Margin outlook could weigh on Simpson Manufacturing shares after earnings, though investments being made are strengthening the company’s competitive positioning, the firm added.