GMS Inc. price target lowered to $95 from $112 at Stephens

Stephens lowered the firm’s price target on GMS Inc. to $95 from $112 and keeps an Overweight rating on the shares. Earnings released last week created more uncertainty around the near-term pricing dynamics within wallboard distribution and “there isn’t a lot to get overly excited about in the near term,” the analyst tells investors. With that said, the firm believes the pricing environment for GMS should improve in the coming quarters and calls its valuation “one of the most attractive in our building product distribution universe” after the recent pullback.