UPDATE: RBC Capital Upgrades Beacon Roofing Supply (BECN) to Sector Perform

February 9, 2021 4:27 AM EST
Get Alerts BECN Hot Sheet
Price: $55.32 +2.48%

Rating Summary:
    15 Buy, 12 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 14 | New: 42
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(Updated - February 9, 2021 5:52 AM EST)

RBC Capital analyst Mike Dahl upgraded Beacon Roofing Supply (NASDAQ: BECN) from Underperform to Sector Perform with a price target of $48.00 (from $37.00).

The analyst comments "We are upgrading BECN to Sector Perform from Underperform and raising our target to $48 from $37 prior. BECN’s operational improvements are taking hold faster than we expected, helped by a supportive demand and price/cost environment and the Interiors sale, which also drives quicker de-leveraging and supports valuation."

For an analyst ratings summary and ratings history on Beacon Roofing Supply click here. For more ratings news on Beacon Roofing Supply click here.

Shares of Beacon Roofing Supply closed at $43.69 yesterday.

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