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Analysts Minimize GMS Worth Goal Put up This fall Outcomes

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  • Raymond James analyst Sam J. Darkatsh lowered the worth goal for GMS Inc GMS to $70 (61% upside) from $72 whereas sustaining the Outperform score on the shares.
  • The analyst mentions that GMS trades at a double-digit FCF yield; has seen latest insider shopping for with expanded repo authority; has a “drama-free” steadiness sheet, and has an intensive runway of demand buoying volumes close to time period.
  • Darkatsh provides {that a} lack of upcoming catalysts tempers the bullish stance to flip more and more detrimental sentiment.
  • The analyst notes that the This fall beat was across-the-board, with gross margin aided by better-than-feared steel-related pricing. Essentially, not a lot has modified within the enterprise sequentially from Q3. Demand stays agency, and pricing stays sticky, he added.
  • Truist analyst Keith Hughes lowered GMS worth goal to $50 (15% upside) from $65 whereas sustaining the Purchase score on the shares publish This fall outcomes.
  • The analyst notes that the corporate noticed double-digit natural will increase in every main product class. Hughes states that GMS’ finish markets stay supportive.
  • Worth Motion: GMS shares are buying and selling increased by 6.17% at $43.53 on the final test Friday.

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