Truist Securities Maintains Hold on GMS, Raises Price Target to $88
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Keith Hughes has maintained a Hold rating on GMS Inc. (NYSE:GMS) and increased the price target from $72 to $88.
March 01, 2024 | 1:29 pm
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Truist Securities has maintained a Hold rating on GMS Inc. but raised the price target from $72 to $88.
The increase in price target from $72 to $88 by Truist Securities indicates a positive outlook on GMS Inc.'s stock value in the short term. Although the rating remains a Hold, the significant raise in price target suggests that the analyst sees potential for the stock to perform better than previously expected. This could lead to increased investor interest and potentially a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100