B of A Securities Maintains Underperform on Patrick Industries, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Rafe Jadrosich maintains an 'Underperform' rating on Patrick Industries (NASDAQ:PATK) and raises the price target from $63 to $75.
August 08, 2023 | 10:56 am
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Despite the 'Underperform' rating maintained by B of A Securities, the price target for Patrick Industries has been raised from $63 to $75.
The 'Underperform' rating suggests that the analyst expects the stock to do slightly worse than the market in the future. However, the increase in the price target from $63 to $75 indicates a positive outlook on the stock's value, which could potentially attract investors.
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