Baird Upgrades Beacon Roofing Supply to Outperform, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Baird analyst David Manthey has upgraded Beacon Roofing Supply (BECN) from Neutral to Outperform and increased the price target from $99 to $115. This upgrade reflects a positive outlook on BECN's future performance.
February 29, 2024 | 10:38 am
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Beacon Roofing Supply was upgraded by Baird from Neutral to Outperform, with the price target raised from $99 to $115.
The upgrade from Neutral to Outperform by a reputable analyst at Baird, along with a significant increase in the price target, suggests a strong bullish sentiment towards Beacon Roofing Supply. This is likely to positively influence investor perception and could lead to a short-term increase in BECN's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100