The Latest Analyst Ratings For Griffon
Portfolio Pulse from Benzinga Insights
Griffon (NYSE:GFF) has received mixed analyst ratings over the past quarter, with recent updates showing a shift towards more bullish sentiments. Analysts from Baird, Raymond James, and Deutsche Bank have raised their price targets, reflecting a positive outlook on the company's performance. The average 12-month price target is now $81.25, marking a 9.8% increase from the previous target. Despite facing a slight revenue decline and challenges in net margin and ROA, Griffon's strong ROE and market positioning in the Home and Building Products sector suggest potential for growth.
April 19, 2024 | 4:02 pm
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POSITIVE IMPACT
Griffon has seen a positive shift in analyst ratings with increased price targets from Baird, Raymond James, and Deutsche Bank, indicating a bullish outlook. Despite a revenue decline, its strong ROE suggests resilience and potential for growth.
The increase in price targets by reputable analysts reflects a positive sentiment towards Griffon's future performance. Despite the revenue decline, the company's strong ROE is a critical factor that analysts likely consider indicative of financial health and potential for growth. This combination of factors contributes to a bullish outlook in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100