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Skyline Champion price target raised to $65 from $54 at RBC Capital
The Fly

Skyline Champion price target raised to $65 from $54 at RBC Capital

RBC Capital analyst Mike Dahl raised the firm’s price target on Skyline Champion to $65 from $54 but keeps a Sector Perform rating on the shares after its Q4 results. While erosion in orders and backlog continues, the declines are better than feared and appear concentrated in retail, the analyst tells investors in a research note. The firm adds that the more recent demand commentary from Skyline was constructive, while its continued margin upside bodes well for a potentially less steep margin normalization.

Published first on TheFly

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