UFP Industries price target raised to $120 from $102 at Benchmark

Benchmark analyst Reuben Garner raised the firm’s price target on UFP Industries to $120 from $102 and keeps a Buy rating on the shares. While UFP posted “mixed” results, there are signs business is stabilizing across each of UFP’s end markets and the firm has increased confidence business is stabilizing quicker than feared, the analyst tells investors in a post-earnings note.