UFP Industries price target lowered to $100 from $102 at Stifel

Stifel analyst Stanley Elliott lowered the firm’s price target on UFP Industries to $100 from $102 and keeps a Buy rating on the shares. The company’s Q1 revenue was slightly below expectations for revenue while notable above for adjusted EBITDA, the analyst tells investors. Stifel remains optimistic on the shares due to the company’s robust free-cash-flow, healthy balance sheet, valuation, and its focus on new products.