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GMS Inc. (GMS) PT Lowered to $36 at RBC Capital; Buyers on Weakness

June 29, 2018 7:36 AM

RBC Capital lowered its price target on GMS Inc. (NYSE: GMS) to $36.00 (from $38.00) while maintaining an Outperform rating but said they are buyers on weakness after disappointing results.

Analyst Mike Dahl notes their core estimates decline modestly on near-term headwinds, but they expect these to ease in coming quarters, while the integration of Titan into their estimates lifts their overall forecasts.

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