UFP Industries price target raised to $125 from $115 at Stifel

Stifel analyst Stanley Elliott raised the firm’s price target on UFP Industries to $125 from $115 and keeps a Buy rating on the shares. While UFP reported Q4 net sales and adjusted EBITDA below expectations and said it sees continued demand weakness this year, the firm notes that UFP raised its long-term adjusted EBITDA margin target to 12.5% from 10.0% previously and targets greater than $10B in net sales within five years.