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