Stifel Maintains Buy on Beacon Roofing Supply, Raises Price Target to $119
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stanley Elliott has maintained a Buy rating on Beacon Roofing Supply (NASDAQ:BECN) and increased the price target from $115 to $119.

December 19, 2023 | 3:27 pm
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Stifel analyst Stanley Elliott reaffirmed a Buy rating on Beacon Roofing Supply and raised the price target to $119, indicating a positive outlook on the stock.
The increase in price target by Stifel suggests a bullish outlook on Beacon Roofing Supply, which could lead to positive investor sentiment and a potential short-term increase in the stock price. The confidence score is high due to the direct nature of the analyst's rating and the specific adjustment of the price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100