UFP Industries price target raised to $155 from $133 at Benchmark

Benchmark raised the firm’s price target on UFP Industries to $155 from $133 and keeps a Buy rating on the shares after the company reported “solid” Q2 results. While the firm is reducing its EPS estimates for this year and next by 50c each to $7.50 and $8.50, respectively, the analyst thinks “the market is finally recognizing the profitability floor on this company is materially higher than ever before.”