RBC Capital Maintains Sector Perform Rating for GMS: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has maintained its Sector Perform rating for GMS Inc (NYSE:GMS) and increased its price target from $84.00 to $92.00. GMS shares are currently trading up 0.97% at $90.18, with the new target suggesting a potential 2.02% increase. GMS is a distributor of specialty building products, primarily in the United States.
March 01, 2024 | 5:00 pm
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POSITIVE IMPACT
RBC Capital maintains Sector Perform rating for GMS, raising price target from $84 to $92. Shares currently up, indicating positive short-term momentum.
The maintenance of a Sector Perform rating combined with an increased price target suggests RBC Capital's positive outlook on GMS's financial health and market position. The current trading up of shares further supports this positive sentiment, potentially leading to short-term price appreciation towards the new target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100