Baird Maintains Outperform on Patrick Industries, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Craig Kennison maintains an Outperform rating on Patrick Industries (NASDAQ:PATK) and raises the price target from $85 to $95.
July 28, 2023 | 11:26 am
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POSITIVE IMPACT
Baird analyst Craig Kennison maintains an Outperform rating on Patrick Industries and raises the price target from $85 to $95. This could potentially lead to an increase in the stock's price.
The raised price target by Baird analyst Craig Kennison indicates a positive outlook for Patrick Industries. This could potentially lead to an increase in the stock's price as it suggests that the stock is undervalued at its current price. Therefore, investors might be encouraged to buy, leading to an increase in demand and subsequently, the price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100