Raymond James Maintains Outperform on Patrick Industries, Lowers Price Target to $136
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Joseph Altobello maintains an Outperform rating on Patrick Industries but lowers the price target from $160 to $136.
November 01, 2024 | 6:17 pm
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Raymond James has maintained an Outperform rating for Patrick Industries but has lowered the price target from $160 to $136, indicating a more cautious outlook.
The maintenance of an Outperform rating suggests continued confidence in Patrick Industries' performance, but the lowered price target reflects a more cautious outlook, possibly due to market conditions or company-specific factors. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100