Craig-Hallum analyst Greg Palm raised the firm’s price target on Champion Homes (SKY) to $115 from $99 and keeps a Buy rating on the shares. The firm says Champion Homes reported fantastic quarterly results, highlighted by an across-the-board beat and complemented by an upbeat message on this morning’s call. An abrupt and surprising CEO departure in December seems to have put an overhang on shares in recent months, but Craig-Hallum believes the new CEO Tim Larson’s background and experience should benefit the future direction of the company and expects investors will get more comfortable with this transition over time.
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