KeyBanc raised the firm’s price target on Patrick Industries (PATK) to $150 from $135 and keeps an Overweight rating on the shares ahead of quarterly results. The firm notes the setup for leisure vehicles remains challenging, but KeyBanc continues to view Patrick Industries positively due to its long-term growth levers in aftermarket and utility, as well as the company’s differentiated business model.
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Read More on PATK:
- Patrick Industries Expands Offering and Amends Credit Facility
- Patrick Industries Plans $400M Senior Notes Launch and Credit Revamp
- Patrick Industries initiated with an Outperform at Raymond James
- Patrick Industries initiated with an Outperform at Oppenheimer
- Patrick Industries management to meet with KeyBanc