RBC Capital Maintains Outperform on Beacon Roofing Supply, Lowers Price Target to $113
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Mike Dahl maintains an Outperform rating on Beacon Roofing Supply (NASDAQ:BECN) but lowers the price target from $119 to $113.
August 02, 2024 | 7:50 pm
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RBC Capital analyst Mike Dahl maintains an Outperform rating on Beacon Roofing Supply but lowers the price target from $119 to $113.
The Outperform rating suggests continued confidence in the stock's performance, but the lowered price target indicates a slightly less optimistic outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100