Benchmark Maintains Buy on UFP Industries, Lowers Price Target to $133
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Reuben Garner maintains a Buy rating on UFP Industries (NASDAQ:UFPI) but lowers the price target from $137 to $133.

May 01, 2024 | 12:21 pm
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Benchmark analyst Reuben Garner reaffirms a Buy rating on UFP Industries but reduces the price target from $137 to $133.
The adjustment in price target by Benchmark analyst Reuben Garner suggests a slight recalibration of expectations for UFP Industries, possibly due to market conditions or company performance. However, maintaining a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors digest the implications of a lower price target against the backdrop of sustained analyst confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100