Roth MKM raised the firm’s price target on Compass Diversified to $32 from $28 and keeps a Buy rating on the shares. The company’s consumer segments continue to drive healthy outperformance, led by 5.11, Lugano, and Marucci, the firm says. Roth sees steady execution on industrial margins despite pockets of demand headwinds. Importantly, it appears the sale of Marucci will de-leverage Compass Diversified’s balance sheet and free up capacity for opportunistic acquisitions.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CODI:
- Compass Diversified to sell Marucci Sports to Fox Factory for $572M
- Compass Diversified Reports Third Quarter 2023 Financial Results
- CODI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Compass Diversified Announces Third Quarter 2023 Earnings and Conference Call Information
- Compass Diversified Declares Third Quarter 2023 Distributions on Common and Series A, B and C Preferred Shares