Carriage Services price target raised to $45 from $39 at Barrington

Barrington raised the firm’s price target on Carriage Services (CSV) to $45 from $39 and keeps an Outperform rating on the shares after Q3 revenue topped expectations and adjusted EPS increased 93.9% from last year to 64c, which was “well above” the firm’s estimate of 30c and the FactSet consensus of 46c. In addition, management raised its FY24 guidance after “outperforming expectations for seven of the last eight quarters,” the analyst noted.