BMO Capital Maintains Outperform on Beacon Roofing Supply, Raises Price Target to $90
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Ketan Mamtora maintains an Outperform rating on Beacon Roofing Supply (NASDAQ:BECN) and raises the price target from $75 to $90.
June 16, 2023 | 11:47 am
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POSITIVE IMPACT
BMO Capital maintains an Outperform rating on Beacon Roofing Supply and raises the price target from $75 to $90.
The news of BMO Capital maintaining an Outperform rating and raising the price target for Beacon Roofing Supply (BECN) is positive for the stock. This indicates that the analyst believes the company will outperform its peers and has a higher growth potential. The increase in the price target from $75 to $90 suggests a potential upside for the stock, which could attract more investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100