Skyline Champion price target lowered to $61 from $66 at Barclays

Barclays analyst Matthew Bouley lowered the firm’s price target on Skyline Champion to $61 from $66 and keeps an Equal Weight rating on the shares post the fiscal Q2 report. The analyst says the company saw “unexpectedly quick” margin compression related to weaker product mix in the backdrop of higher rates. The firm cut estimates reflecting a “surprisingly sharp and quick” reduction in gross margins.