GMS Inc. price target lowered to $80 from $93 at Barclays

Barclays analyst Matthew Bouley lowered the firm’s price target on GMS Inc. (GMS) to $80 from $93 and keeps an Equal Weight rating on the shares. The firm prefers building products to homebuilders in Q4. Investor expectations are “subdued” across both subsectors into earnings, the analyst tells investors in a research note. The firm says that as both subsectors declined over the past six weeks, building products stocks have seen greater dislocations versus fundamentals, leaving better entry points.