Griffon price target raised to $70 from $60 at Baird

Baird analyst Timothy Wojs raised the firm’s price target on Griffon to $70 from $60 and keeps an Outperform rating on the shares. The firm said it remains a top idea as Q4 results and 2024 outlook remain supportive of the thesis around driving longer-term value through structural HBP margin improvement, CPP recovery/restructuring, and improved cash generation/lower leverage.