Baird analyst David Manthey lowered the firm’s price target on GMS Inc. (GMS) to $110 from $115 and keeps an Outperform rating on the shares. The firm said 2Q results mildly missed the mark but primarily due to hurricane disruptions. The 3Q guide was also short of expectations, as management anticipates further multi-family/commercial deceleration and gross margin to improve sequentially, but remain lower year-over-year.
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Read More on GMS:
- GMS Inc. price target raised to $93 from $80 at Barclays
- GMS Inc. Reports Resilient Q2 Fiscal 2025 Performance
- GMS Reports Strong Q2 FY2025 Performance Amid Challenges
- GMS Inc. reports Q2 EPS $2.02, consensus $2.19
- GMS Earnings Report this Week: Is It a Buy, Ahead of Earnings?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
