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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SKY:
- Skyline Champion price target raised to $81 from $75 at Craig-Hallum
- ECN Capital upgraded to Outperform from Market Perform at Raymond James
- ECN Capital, Skyline Champion enter share subscription agreement
- Skyline Champion reports Q1 EPS 89c, consensus 84c
- SKY Earnings this Week: How Will it Perform?
