On Nov 19, major Wall Street analysts update their ratings for $Beacon Roofing Supply (BECN.US)$, with price targets ranging from $120 to $136.
J.P. Morgan analyst Michael Rehaut maintains with a buy rating, and adjusts the target price from $119 to $136.
BMO Capital analyst Ketan Mamtora maintains with a buy rating, and maintains the target price at $120.
Baird analyst Peter Benedict initiates coverage with a buy rating, and sets the target price at $120.
Truist Financial analyst Keith Hughes maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Beacon Roofing Supply (BECN.US)$'s main analysts recently are as follows:
Beacon's potential acquisition by QXO, a firm created to purchase building products distribution companies, resulted in Beacon's stock closing up 10% following the offer. This move is seen as a strategic entry for QXO into the building products distribution sector, given Beacon's leading role in distributing residential and non-residential roofing materials. Beacon is also anticipated to gain from its "Ambition 2025" strategic plan, promising initiatives aimed at enhancing both revenue and profitability.
Here are the latest investment ratings and price targets for $Beacon Roofing Supply (BECN.US)$ from 4 analysts:
Note:
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