Champion Homes price target raised to $106 from $90 at Barclays

Barclays analyst Matthew Bouley raised the firm’s price target on Champion Homes (SKY) to $106 from $90 and keeps an Equal Weight rating on the shares. The firm came away from this quarter’s results with the view that Champion’s strategy remains little changed following the appointment of new CEO Tim Larson. The company demonstrated notable gross margin strength while recovering quicker from the hurricanes, the analyst tells investors in a research note. However, Barclays says the stock is trading at a premium multiple.