Stephens raised the firm’s price target on DXP Enterprises (DXPE) to $75 from $65 and keeps an Overweight rating on the shares. With continued strength in execution and another 10%-plus adjusted EBITDA margin quarter, healthy cash flow generation enabled an additional $5M in share repurchases alongside another acquisition closed in Q3, the analyst noted. M&A execution has been “noteworthy this year,” with a total of seven acquisitions now closed year-to-date and visibility to two more closing by early 2025, the analyst added.
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Read More on DXPE:
- DXP Enterprises Reports Robust Q3 2024 Results
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