Focus Financial Partners (FOCS) PT Raised to $61 at RBC Capital

RBC Capital analyst Daniel Perlin raised the price target on Focus Financial Partners (NASDAQ: FOCS) to $61.00 (from $53.00) while maintaining a Outperform rating.

The analyst comments "Reported better-than-expected revenue, adj EBITDA and EPS on accelerating organic revenue growth (7.4% in the quarter) and M&A activity. Management reiterated 2025 revenue target of $3.5B and is considering increasing its 24% adj. EBITDA margin target. FY21 outlook is generally above prior RBCe and in line with Street. Raising estimates and target."

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