Skyline Champion price target raised to $88 from $75 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Skyline Champion to $88 from $75 and keeps a Buy rating on the shares. Skyline Champion reported strong quarterly results and offered commentary that reinforces the firm’s belief that the industry is in the early stages of a broader recovery. Currently, this is led by activity at retail partners and builder/developers, but Craig-Hallum also expects orders from community customers to ramp throughout the year. After posting four consecutive quarters of year-over-year revenue declines, the return to growth this quarter and reacceleration in 2025 should boost investor sentiment for the stock, the firm argues.