BMO Capital analyst Tristan Thomas-Martin raised the firm’s price target on Patrick Industries (PATK) to $115 from $103 and keeps an Outperform rating on the shares. The company’s t operating margin came in a little lighter than anticipated, with the slightly lower margin base flowing through to the firm’s 2025 estimates, but BMO continue to like the setup for Patrick entering 2025 with generally positive early-season retail shows and significantly leaner channel inventory levels across end markets, the analyst tells investors in a research note.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PATK:
- Patrick Industries price target raised to $110 from $100 at KeyBanc
- Patrick Industries, Inc. Reports Robust 2024 Financial Performance
- Patrick Industries Reports Q4 Sales Growth Amid Strategic Moves
- Patrick Industries reports Q4 adjusted EPS 52c, consensus 53c
- Patrick Industries CEO provides business outlook