Patrick Industries price target raised to $115 from $105 at Truist

Truist raised the firm’s price target on Patrick Industries (PATK) to $115 from $105 and keeps a Buy rating on the shares after its Q4 results. The company is a prime beneficiary of a potential recovery in the RV / marine end markets and also remains one of the best long-term growth and total return stories in Recreation / Leisure vehicles, the analyst tells investors in a research note. Patrick’s underappreciated market share growth and margin expansion should become increasingly evident to investors over the next 12-18 months, the firm adds.