Price Action: GMS shares are trading lower by 1.45% at $56.96 on the last check Friday.Despite this positive outlook, valuation remains very reasonable, and he remains a buyer of GMS shares. Manthey sees a continued favorable fundamental outlook amid the commercial market recovery and sustained residential demand.Baird analyst David Manthey raised the price target on GMS to $68 from $62 and maintained an Outperform rating on the shares.The analyst mentions that the tight supply backdrop continues to drive incremental pricing, which GMS is successfully capturing on the top-line, driving significant leverage. ![]() ![]()
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