BofA analyst Eric Dray raised the firm’s price target on Compass Diversified (CODI) to $28 from $26 and keeps a Buy rating on the shares after a beat and raise Q3 report. Initial commentary on FY25 points to continued growth, while the company additionally announced a $100M buyback in place thru the end of FY24, notes the analyst, who thinks the Q3 report highlighted the company’s ability to generate growth and its capital flexibility.
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Read More on CODI:
- Compass Diversified Reports Strong Q3 2024 Results
- Compass Diversified Holdings Reports Strong Q3 2024 Results
- Compass Diversified reports Q3 EPS 8c, may not compare to consensus 54c
- CODI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Compass Diversified announces $100M share repurchase pact