Truist Securities Maintains Hold on Beacon Roofing Supply, Raises Price Target to $85
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Keith Hughes has maintained a 'Hold' rating on Beacon Roofing Supply (NASDAQ:BECN) and raised the price target from $61 to $85.
July 06, 2023 | 12:17 pm
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Beacon Roofing Supply's price target has been raised from $61 to $85 by Truist Securities, while maintaining a 'Hold' rating.
The increase in price target indicates that the analyst sees potential for the stock's price to rise in the future. However, the 'Hold' rating suggests that the analyst does not recommend buying or selling the stock at this time. This could lead to increased investor interest and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100