UFP Industries (UFPI) PT Raised to $125 at BMO Capital

BMO Capital analyst Ketan Mamtora raised the price target on UFP Industries (NASDAQ: UFPI) to $125.00 (from $115.00) while maintaining a Market Perform rating.

The analyst commented, "Q2 came in modestly above expectations. However, UFPI is striking a cautious tone around near-term demand and highlighting competitive pricing pressure. The weakest spot is Packaging. UFPI has identified ~$1B of organic capital investments over the next 2-3 years across its different businesses. A pristine balance sheet (net cash of ~$12/share) provides financial flexibility. For now, we remain on the sidelines with a Market Perform rating. Raising target to $125."

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