Baird raised the firm’s price target on Beacon to $76 from $65 and keeps a Neutral rating on the shares. The analyst said Beacon continues to make progress on Ambition 2025 goals, driving share gains and strong cash flow generation/deployment; including new share repurchase authorization.
Published first on TheFly
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Read More on BECN:
- Beacon seeing ‘terrific results’ from acquisitions
- Beacon says supply chain problems easing
- Beacon targets 2025 net sales of about $9B
- Beacon expects to continue to strategically invest in initiatives
- Beacon expects 2023 market fundamentals to remain stable
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