RBC Capital raised the firm’s price target on Skyline Champion to $68 from $62 but keeps a Sector Perform rating on the shares. The analyst is adjusting the firm’s model to reflect the recently announced ECN partnership and Regional Homes acquisition. The firm adds however that while it is encouraged to see Skyline aggressively invest its still-ample net cash into accretive deals, it also sees a “balanced” risk/reward at the current valuation as digestion of these deals puts incremental M&A on pause.
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