Patrick Industries price target lowered to $100 from $110 at KeyBanc

KeyBanc lowered the firm’s price target on Patrick Industries (PATK) to $100 from $110 and keeps an Overweight rating on the shares. Ahead of Q1 earnings, the firm remains broadly cautious across end markets. Recent tariff policy noise is likely acting to disrupt demand further, in KeyBanc’s view, particularly for large ticket discretionary items.