UFP Industries price target raised to $125 from $115 at DA Davidson

DA Davidson raised the firm’s price target on UFP Industries to $125 from $115 and keeps a Neutral rating on the shares. The company’s Q2 results topped consensus estimates, though demand trends remained mixed and competitive pressures served as a drag on gross margins – both of which are likely to persist into the second half of the year, the analyst tells investors in a research note.