Skyline Champion price target raised to $81 from $75 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Skyline Champion (SKY) to $81 from $75 and keeps a Buy rating on the shares. The firm notes ECN (ECNCF) and Skyline announced a “highly attractive” strategic relationship and the creation of a new captive finance company. Craig-Hallum’s math suggests EPS accretion that approaches $1/share in 2025 and much higher thereafter. While the firm understands that it will take some time for investors to digest the implications of the announcement, Craig-Hallum is “incredibly bullish.”